BAKU, Azerbaijan, May 24. The total volume of bank deposits of the Azerbaijani population grew as of April 30, 2022, Trend reports referring to the Central Bank of Azerbaijan (CBA).
According to the CBA, this figure amounted to 10.5 billion manat ($6.1 billion), which is 2.16 billion manat ($1.27 billion) or 25.89 percent more than as of April 30, 2021 (8.3 billion manat or $4.8 billion).
Some 89.43 percent (9.4 billion manat or $5.5 billion) of all bank deposits in the country accounted for Baku, while nearly 10 percent (1.1 billion manat or $650 million) – for the regions.
At the same time, 60.36 percent (6.3 billion manat or $3.7 billion) of the population’s bank deposits fell on deposits in the national currency, while 39.64 percent (4.16 billion manat or $2.45 billion) - in foreign currency.
At the same time, the average annual deposit rate for the regions as of April 30 this year made up 3.15 percent, and for Baku – three percent.
Distribution of bank deposits by regions of Azerbaijan (as of April 30, 2022):
|
Value of deposits |
Average interest rate (%) |
Share of total volume of deposits (%) |
|
|
Azerbaijan |
10.5 billion manat ($6.1 billion) |
3.15 |
100 |
|
Baku |
9.4 billion manat or $5.5 billion |
3 |
89.43 |
|
Economic regions, including |
1.1 billion manat or $650 million |
10.57 |
|
|
Nakhchivan |
59.3 million manat ($34.8 million) |
1.72 |
0.56 |
|
Absheron-Khizi |
314.4 million manat ($184.9 million) |
5.31 |
2.99 |
|
Mountain Shirvan |
28.8 million manat ($16.9 million) |
3.43 |
0.27 |
|
Ganja-Dashkasan |
157.4 million manat ($92.6 million) |
5.04 |
1.5 |
|
Karabakh |
66.8 million manat ($39.3 million) |
3.19 |
0.64 |
|
Gazakh-Tovuz |
72.2 million manat ($42.4 million) |
4.7 |
0.69 |
|
Guba-Khachmaz |
87.1 million manat ($51.2 million) |
4.52 |
0.83 |
|
Lankaran-Astara |
85.9 million manat ($50.5 million) |
5 |
0.82 |
|
Central Aran |
80.6 million manat ($47.4 million) |
3.93 |
0.77 |
|
Mil-Mughan |
33.2 million manat ($19.5 million) |
2.55 |
0.32 |
|
Shaki-Zagatala |
76.4 million manat ($45 million) |
3.26 |
0.73 |
|
Eastern Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
48.9 million manat ($28.7 million) |
3.12 |
0.47 |