BAKU, Azerbaijan, September 26. The total deposits of the Azerbaijani population increased by 2.29 billion manat ($1.34 billion), or 26.86 percent as of August 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 89.14 percent of all bank deposits fell on Baku, while 1.17 billion manat ($688.2 million), or about 10.86 percent – on the districts.
Meanwhile, 60.3 percent (6.54 billion manat, or $3.8 billion) of bank deposits were in national currency, whereas 39.7 percent (4.31 billion manat, or $2.5 billion) – were in foreign currency.
The average annual deposit rate as of August 31, 2022 was 3.36 percent, while in Baku – 3.21 percent.
Regional distribution of bank deposits in Azerbaijan (as of August 31, 2022):
|
Deposits |
Average interest rate (%) |
Share of total deposits (%) |
|
|
Azerbaijan |
10.858 billion manat ($6.3 billion) |
3.29 |
100 |
|
Baku |
9.6 billion manat ($5.6 billion) |
3.14 |
89.14 |
|
Economic regions, including: |
1.17 billion manat ($688.2 million) |
10.86 |
|
|
Nakhchivan |
66.5 million manat ($39.1 million) |
2 |
0.61 |
|
Absheron-Khizi |
335.5 million manat ($197.3 million) |
5.6 |
3.09 |
|
Mountainous Shirvan |
29.64 million manat ($17.4 million) |
3.68 |
0.27 |
|
Ganja-Dashkesan |
163.4 million manat ($96.1 million) |
5.41 |
1.51 |
|
Karabakh |
62.9 million manat ($37 million) |
3.99 |
0.58 |
|
Gazakh-Tovuz |
80.2 million manat ($47.1 million) |
4.58 |
0.74 |
|
Guba-Khachmaz |
98.4 million manat ($57.8 million) |
4.47 |
0.91 |
|
Lankaran-Astara |
93.9 million manat ($55.2 million) |
4.94 |
0.87 |
|
Central Aran |
85.4 million manat ($50.2 million) |
4.11 |
0.79 |
|
Mil-Mughan |
34.1 million manat ($20 million) |
2.76 |
0.31 |
|
Shaki-Zagatala |
83 million manat ($48.8 million) |
3.24 |
0.76 |
|
East Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
46.1 million manat ($27.1 million) |
3.51 |
0.43 |