...

Azerbaijani population's bank deposits increase

Finance Materials 24 May 2022 16:11 (UTC +04:00)
Azerbaijani population's bank deposits increase
Kamran Gasimov
Kamran Gasimov
Read more

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

Tags:
Latest

Latest