BAKU, Azerbaijan, Feb.5
By Zeyni Jafarov - Trend:
The total volume of bank deposits of Azerbaijan’s population, including individual entrepreneurs, made up nearly 8.2 billion manat ($4.8 billion) in 2020, which is by 5.3 percent less than in 2019, Trend reports on Feb.5 citing a statistical report from the Central Bank of Azerbaijan (CBA).
According to the CBA, the volume of deposits of the population, including individuals, in national currency decreased by 2.55 percent for the year up to 4 billion manat ($2.37 billion), which is 49.2 percent of the total volume.
In 2020, deposits of the population in foreign currency amounted to slightly over 4.1 billion manat ($2.4 billion), down by 7.9 percent compared to 2019, which is 50.8 percent of the total volume.
The deposits of residents and non-residents amounted to 7.9 billion manat ($4.6 billion) and 280.8 million manat ($165.2 million), respectively. Since early January 2020, investments of residents have dropped by 306.6 million manat or $180.3 million (3.7 percent), and non-residents - 153.4 million manat or $90.2 million (35.3 percent).
As of early January 2021, the volume of deposits and deposits in Azerbaijani banks is equal to 23.67 billion manat ($13.9 billion), which is 4.4 percent less compared to the same period in 2020.
(1 USD = 1.7 AZN on Feb.5)
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