BAKU, Azerbaijan, October 31. The total deposits of the Azerbaijani population increased by 2.38 billion manat ($1.4 billion), or 27.01 percent as of September 31, 2022 compared to the same month the previous year - from 8.83 billion manat ($5.19 billion) up to 11.2 billion manat ($6.5 billion), Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, a total of 9.95 billion manat ($5.8 billion), or 88.7 percent of all bank deposits fell on Baku, while 1.26 billion manat ($741.1 million), or about 11.3 percent – on the districts.
Meanwhile, 60.79 percent (6.8 billion manat, or $4 billion) of bank deposits were in national currency, whereas 39.21 percent (4.4 billion manat, or $2.5 billion) – were in foreign currency.
The average annual deposit rate as of September 31, 2022 was 3.32 percent, while in Baku – 3.18 percent.
Regional distribution of bank deposits in Azerbaijan (as of September, 2022):
|
Deposits |
Average interest rate (%) |
Share of total deposits (%) |
|
|
Azerbaijan |
11.2 billion manat ($6.5 billion) |
3.32 |
100 |
|
Baku |
9.9 billion manat ($5.8 billion) |
3.18 |
88.7 |
|
Economic regions, including: |
1.26 billion manat ($742.1 million) |
11.3 |
|
|
Nakhchivan |
70.7 million manat ($41.5 million) |
1.91 |
0.63 |
|
Absheron-Khizi |
351.7 million manat ($206.8 million) |
5.52 |
3.13 |
|
Mountainous Shirvan |
33.12 million manat ($19.4 million) |
3.37 |
0.30 |
|
Ganja-Dashkesan |
175.8 million manat ($103.4 million) |
5.14 |
1.57 |
|
Karabakh |
74.5 million manat ($43.8 million) |
3.5 |
0.66 |
|
Gazakh-Tovuz |
87.4 million manat ($51.4 million) |
4.21 |
0.78 |
|
Guba-Khachmaz |
106.8 million manat ($62.8 million) |
4.17 |
0.95 |
|
Lankaran-Astara |
98.4 million manat ($57.8 million) |
4.79 |
0.88 |
|
Central Aran |
91.2 million manat ($53.6 million) |
3.91 |
0.81 |
|
Mil-Mughan |
36.1 million manat ($21.2 million) |
2.69 |
0.32 |
|
Shaki-Zagatala |
90.3 million manat ($53.1 million) |
3.07 |
0.80 |
|
East Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
52 million manat ($30.5 million) |
3.16 |
0.46 |