BAKU, Azerbaijan, May 28
By Zeyni Jafarov - Trend:
The Azerbaijani population's total bank deposits made up over 8.3 billion manat ($4.8 billion) as of early May 2021, Trend reports referring to the statistics report of the Central Bank of Azerbaijan (CBA).
According to the CBA, this is 7.7 percent or 594.9 million manat ($349.9 million) more compared to early May 2020.
About 10.8 percent of all bank deposits in the country accounted for districts, the CBA report said.
Over 51.3 percent or 4.2 billion manat ($2.4 billion) of the population’s bank deposits accounted for the national currency, the report reads.
The total volume of deposits exceeded 7.4 billion manat ($4.3 billion) in Baku, of which 3.5 billion ($2 billion) - in national currency (47 percent).
At the same time, the average annual deposit rate throughout the country as of early May 2021 amounted to 3.24 percent, and in Baku – 3.11 percent.
Distribution of bank deposits by districts of Azerbaijan (as of May 1, 2021):
|
Value of deposits (manat) |
Average interest rate (%) |
Share of total volume of deposits (%) |
|
|
Azerbaijan |
8.3 billion manat ($4.8 billion) |
3.24 |
100 |
|
Baku |
7.4 billion manat ($4.3 billion) |
3.11 |
89.2 |
|
Economic regions |
899.1 million manat ($528.8 million) |
10.8 |
|
|
Absheron |
242.6 million manat ($142.7 million) |
5.46 |
2.9 |
|
Aran |
169.3 million manat ($99.6 million) |
3.43 |
2 |
|
Mountainous Shirvan |
24.1 million manat ($14.1 million) |
3.24 |
0.3 |
|
Ganja-Gazakh |
184 million manat ($108.2 million) |
4.79 |
2 |
|
Guba-Khachmaz |
72.3 million manat ($42.5 million) |
4.77 |
0.9 |
|
Lankaran |
71.6 million manat ($42.1 million) |
4.9 |
0.86 |
|
Sheik-Zagatala |
62.3 million manat ($36.6 million) |
3.11 |
0.7 |
|
Upper Karabakh |
17.8 million manat ($10.4 million) |
1.34 |
0.2 |
|
Kalbajar-Lachin |
0 |
0 |
0 |
|
Nakhchivan |
54.5 million manat ($32 million) |
1.62 |
0.65 |
(1 USD = 1.7 AZN on May 28)
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