BAKU, Azerbaijan, November 30. The total deposits of the Azerbaijani population increased by 2.6 billion manat ($1.5 billion), or 29.4 percent, as of November 1, 2022, compared to the same month the previous year, - from 8.88 billion manat ($5.22 billion) up to 11.5 billion manat ($6.7 billion), Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, a total of 10.1 billion manat ($5.9 billion), or 88.6 percent of all bank deposits, fell on Baku, while 1.3 billion manat ($760 million), or 11.3 percent, – on the districts.
Meanwhile, 61.38 percent (7.05 billion manat, or $4.1 billion) of bank deposits were in national currency, whereas 38.62 percent (4.4 billion manat, or $2.5 billion) – were in foreign currency.
The average annual deposit rate as of November 1, 2022, was 3.3 percent, while in Baku – 3.17 percent.
Regional distribution of bank deposits in Azerbaijan (as of September, 2022):
|
Deposits |
Average interest rate (%) |
Share of total deposits (%) |
|
|
Azerbaijan |
11.5 billion manat ($6.7 billion) |
3,3 |
100,00% |
|
Baku |
10.1 billion manat ($5.9 billion) |
3,17 |
88,63% |
|
Economic regions, including: |
1.3 billion manat ($760 million) |
11,37% |
|
|
Nakhchivan |
77.3 million manat ($45.4 million) |
1,82 |
0,67% |
|
Absheron-Khizi |
354.8 million manat ($208 million) |
5,62 |
3,09% |
|
Mountainous Shirvan |
33.2 million manat ($19 million) |
3,47 |
0,29% |
|
Ganja-Dashkesan |
180.9 million manat ($106 million) |
5,07 |
1,57% |
|
Karabakh |
74.6 million manat ($43.8 million) |
3,6 |
0,65% |
|
Gazakh-Tovuz |
90.4 million manat ($53.1 million) |
4,21 |
0,79% |
|
Guba-Khachmaz |
106.2 million manat ($62.4 million) |
4,22 |
0,92% |
|
Lankaran-Astara |
107 million manat ($62 million) |
4,51 |
0,93% |
|
Central Aran |
96.8 million manat ($56 million) |
3,78 |
0,84% |
|
Mil-Mughan |
40.7 million manat ($23.5 million) |
2,44 |
0,35% |
|
Shaki-Zagatala |
90.6 million manat ($53.2 million) |
3,13 |
0,79% |
|
East Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
54.1 million manat ($31.8 million) |
3,12 |
0,47% |