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Azerbaijani population's bank deposits increase

Finance Materials 23 September 2021 19:08 (UTC +04:00)
Azerbaijani population's bank deposits increase

BAKU, Azerbaijan, Sept. 23

By Zeyni Jafarov - Trend:

The total volume of bank deposits of the Azerbaijani population as of September 1, 2021 increased for the year by 684.7 million manat ($402.8 million), or 8.7 percent, from 7.9 billion manat ($4.6 billion) to 8.6 billion manat ($5.06 billion), Trend reports referring to the statistics report of the Central Bank of Azerbaijan (CBA).

Some 89 percent (7.6 billion manat $4.5 billion) of all bank deposits in the country accounted for Baku, while about 11 percent (938.7 million manat $552.2 million) – for the districts.

At the same time, 55.3 percent (4.7 billion manat $2.8 billion) of bank deposits of the population accounted for Azerbaijani manat, 44.7 percent (3.8 billion manat $2.2 billion) - for foreign currency.

At the same time, the average annual deposit rate throughout the country as of Sept.1, 2021, amounted to 3.43 percent, and in Baku – 3.29 percent.

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

Value of deposits (manat)

Average interest rate (%)

Share of total volume of deposits (%)

Azerbaijan

8.5 billion manat ($5 billion)

3.43

100

Baku

7.6 billion manat ($4.5 billion)

3.29

89.0

Economic regions, including

938.7 million manat ($552.2 million)

11.0

Absheron

270.2 million manat ($158.9 million)

5.42

3.2

Aran

169.8 million manat ($99.4 million)

3.83

2.0

Mountain Shirvan

22.4 million manat ($13.2 million)

3.98

0.3

Ganja-Gazakh

193.6 million manat ($113.9 million)

5.13

2.3

Guba-Khachmaz

76.3 million manat ($44.9 million)

5.16

0.9

Lankaran

76.09 million manat ($44.7 million)

5.02

0.9

Sheki-Zagatala

61.05 million manat ($35.9 million)

3.59

0.7

Upper-Karabakh

14.07 million manat ($8.3 million)

1.85

0.2

Kalbajar-Lachin

0

0

0

Nakhchivan

55.1 million manat ($32.4 million)

1.78

0.6

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