...

Azerbaijan sees growth in bank deposits in 1H2021

Finance Materials 28 July 2021 18:38 (UTC +04:00)
Azerbaijan sees growth in bank deposits in 1H2021

BAKU, Azerbaijan, July 28

By Zeyni Jafarov - Trend:

The Azerbaijani population's total bank deposits made up 8.4 billion manat ($4.9 billion) as of early July 2021, Trend reports referring to the statistics report of the Central Bank of Azerbaijan (CBA).

According to the CBA, this is by 9.5 percent or 729.04 million manat ($428.8 million) more compared to early July 2020.

Over 11 percent of all bank deposits in the country accounted for the Azerbaijani districts, the CBA report said.

Some 54.3 percent or 4.6 billion manat ($2.7 billion) of the population’s bank deposits accounted for the national currency, the report reads.

The total volume of deposits reached 7.5 billion manat ($4.4 billion) in Baku, of which 3.8 billion ($2.2 billion) - in national currency (50.3 percent).

At the same time, the average annual deposit rate throughout the country as of early July 2021 amounted to 3.33 percent, and in Baku – 3.21 percent.

Distribution of bank deposits by districts of Azerbaijan (as of July 1, 2021):

Value of deposits (manat)

Average interest rate (%)

Share of total volume of deposits (%)

Azerbaijan

8.4 billion manat ($4.9 billion)

3.33

100

Baku

7.5 billion manat ($4.4 billion)

3.21

88.9

Economic regions, including

936.5 million manat ($550.9 million)

11.1

Absheron

261.6 million manat ($153.9 million)

5.27

3.1

Aran

175.3 million manat ($103.1 million)

3.43

2.08

Mountain Shirvan

23.1 million manat ($13.6 million)

3.64

0.27

Ganja-Gazakh

194.06 million manat ($114.1 million)

4.79

2.3

Guba-Khachmaz

73.9 million manat ($43.5 million)

4.83

0.9

Lankaran

76.6 million manat ($45.05 million)

4.74

0.9

Sheki-Zagatala

61.4 million manat ($36.1 million)

3.31

0.7

Upper- Karabakh

16.9 million manat ($9.9 million)

1.44

0.2

Kalbajar- Lachin

0

0

0

Nakhchivan

53.7 million manat ($31.6 million)

1.68

0.6

----

Follow the author on Twitter: @jafarov_zeyni

Tags:
Latest

Latest