BAKU, Azerbaijan, July 1
By Zeyni Jafarov - Trend:
The Azerbaijani population's total bank deposits made up over 8.6 billion manat ($5.05 billion) as of early June 2021, Trend reports referring to the statistics report of the Central Bank of Azerbaijan (CBA).
According to the CBA, this is by 12.7 percent or 973.8 million manat ($572.8 million) more compared to early June 2020.
About 10.9 percent of all bank deposits in the country accounted for districts, the CBA report said.
Around 55 percent or 4.7 billion manat ($2.8 billion) of the population’s bank deposits accounted for the national currency, the report reads.
The total volume of deposits reached 7.7 billion manat ($4.5 billion) in Baku, of which 3.9 billion ($2.3 billion) - in national currency (50.1 percent).
At the same time, the average annual deposit rate throughout the country as of early June 2021 amounted to 3.19 percent, and in Baku – 3.07 percent.
Distribution of bank deposits by districts of Azerbaijan (as of June 1, 2021):
|
Value of deposits (manat) |
Average interest rate (%) |
Share of total volume of deposits (%) |
|
|
Azerbaijan |
8.6 billion manat ($5.05 billion) |
3.19 |
100 |
|
Baku |
7.7 billion manat ($4.5 billion) |
3.07 |
89.1 |
|
Economic regions, including |
943.7 million manat ($555.1 million) |
10.9 |
|
|
Absheron |
244.6 million manat ($143.9 million) |
5.35 |
2.8 |
|
Aran |
189.1 million manat ($111.2 million) |
3.32 |
2.2 |
|
Mountain Shirvan |
24.08 million manat ($14.2 million) |
3.41 |
0.3 |
|
Ganja-Gazakh |
191.8 million manat ($112.8 million) |
4.7 |
2.2 |
|
Guba-Khachmaz |
78.6 million manat ($46.2 million) |
4.73 |
0.9 |
|
Lankaran |
73.7 million manat ($43.3 million) |
4.47 |
0.85 |
|
Sheki-Zagatala |
62.9 million manat ($37 million) |
3.2 |
0.7 |
|
Upper-Karabakh |
20.8 million manat ($12.2 million) |
1.16 |
0.2 |
|
Kalbajar-Lachin |
0 |
0 |
0 |
|
Nakhchivan |
57.9 million manat ($34.05 million) |
1.51 |
0.67 |
-----
Follow the author on Twitter: @jafarov_zeyni