BAKU, Azerbaijan, August 22. The total deposits of the Azerbaijani population increased by 2.21 billion manat ($1.3 billion), or 25.69 percent as of June 31, 2022, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, a total of 9.6 billion manat ($5.6 billion), or 89.1 percent of all bank deposits fell on Baku, while 1.17 billion manat ($688.2 million), or about 10.9 percent – on the districts.
Meanwhile, 60.11 percent (6.5 billion manat, or $3.8 billion) of bank deposits were in national currency, whereas 39.88 percent (4.3 billion manat, or $2.5 billion) – were in foreign currency.
The average annual deposit rate as of June 31, 2022 was 3.29 percent, while in Baku – 3.14 percent.
Regional distribution of bank deposits in Azerbaijan (as of July 31, 2022):
|
Deposits |
Average interest rate (%) |
Share of total deposits (%) |
|
|
Azerbaijan |
10.817 billion manat ($6.3 billion) |
3.29 |
100 |
|
Baku |
9.6 billion manat ($5.6 billion) |
3.14 |
89.1 |
|
Economic regions, including: |
1.17 billion manat ($688.2 million) |
10.9 |
|
|
Nakhchivan |
69.2 million manat ($407.2 million) |
1.86 |
0.64 |
|
Absheron-Khizi |
334.9 million manat ($197 million) |
5.46 |
3.10 |
|
Mountainous Shirvan |
29.11 million manat ($17.1 million) |
3.68 |
0.27 |
|
Ganja-Dashkesan |
161.6 million manat ($95 million) |
5.36 |
1.49 |
|
Karabakh |
65.3 million manat ($38.4 million) |
3.7 |
0.64 |
|
Gazakh-Tovuz |
79.07 million manat ($46.5 million) |
3.63 |
0.73 |
|
Guba-Khachmaz |
96.1 million manat ($56.5 million) |
4.08 |
0.89 |
|
Lankaran-Astara |
93.8 million manat ($55.1 million) |
3.92 |
0.87 |
|
Central Aran |
84.9 million manat ($49.9 million) |
3.35 |
0.79 |
|
Mil-Mughan |
34.3 million manat ($20.1 million) |
2.31 |
0.32 |
|
Shaki-Zagatala |
81.4 million manat ($47.8 million) |
2.8 |
0.75 |
|
East Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
48.4 million manat ($28.4 million) |
2.8 |
0.45 |