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Azerbaijan reveals data on population's bank deposits countrywide

Finance Materials 28 January 2021 11:39
Azerbaijan reveals data on population's bank deposits countrywide

BAKU, Azerbaijan, Jan. 28

By Zeyni Jafarov – Trend:

The total volume of bank deposits of Azerbaijani residents amounted to 8.18 billion manat ($4.81 billion) as of early January 2021, which is 5.3 percent or 460 million manat ($270.5 million) less compared to early January 2020, Trend reports citing the statistical report of the Central Bank of Azerbaijan (CBA).

At the same time, about 10.29 percent of all bank deposits in the country accounted for about 10.29 percent of all bank deposits in the country, said the CBA report.

About 49.2 percent or 4.03 billion manat ($2.37 billion) of all deposits in Azerbaijan accounted for the national currency.

According to the report, the total volume of deposits In Baku amounted to over 7.3 billion manat, of which 3.3 billion manat ($1.94 billion) - in the national currency (45 percent).

The average annual deposit rate in the country at the beginning of January 2021 was 3.07 percent, in Baku - 2.97 percent.

Distribution of bank deposits by regions of Azerbaijan (as of January 1, 2021):

Volume of deposits

Average percentage rate (%)

Share of total deposits (%)

Azerbaijan

8.17 billion manat ($4.8 billion)

3.07

100

Baku

7.33 billion manat ($4.31 billion)

2.97

89.71

Economic regions

841.5 million manat ($495 million)

10.29

Absheron

196.2 million manat ($115.4 million)

5.32

2.4

Aran

177.3 million manat ($104.2 million)

3.03

2.2

Upper-Shirvan

33.6 million manat ($19.7 million)

2.14

0.4

Ganja-Gazakh

161.7 million manat ($95.1 million)

4.5

2

Guba-Khachmaz

59 million manat ($34.7 million)

4.58

0.7

Lankaran

66.6 million manat ($39.1 million)

4.53

0.8

Shaki-Zagatala

64.6 million manat ($38 million)

2.68

0.8

Upper Karabakh

4.76 million manat ($2.8 million)

2.56

0.06

Kalbajar-Lachin

0

0

0

Nakhchivan

77.5 million manat ($45.5 million)

2

0.95

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Follow the author on Twitter: @jafarov_zeyni

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