BAKU, Azerbaijan, January 26. The total deposits of the Azerbaijani population increased by 2.5 billion manat ($1.4 billion), or 27.07 percent, as of December 31, 2022, compared to the same period in 2021, - from 9.2 billion manat ($5.4 billion) up to 11.7 billion manat ($6.8 billion), Trend reports via the Central Bank of Azerbaijan (CBA).
According to the CBA, a total of 10.4 billion manat ($6.1 billion), or 88.62 percent of all bank deposits, fell on Baku, while 1.3 billion manat ($760 million), or 11.38 percent, – on the districts.
Meanwhile, 60.8 percent (7.1 billion manat, or $4.18 billion) of bank deposits were in national currency, whereas 39.2 percent (4.6 billion manat, or $2.7 billion) – were in foreign currency.
The average annual deposit rate as of December 31, 2022, was 3.41 percent, while in Baku – 3.27 percent.
Regional distribution of bank deposits in Azerbaijan (as of December 31, 2022):
|
Deposits |
Average interest rate (percent) |
Share of total deposits (percent) |
|
|
Azerbaijan |
11.7 billion manat ($6.88 billion) |
3.41 |
100 |
|
Baku |
10.4 billion manat ($6.12 billion) |
3.27 |
88.62 |
|
Economic regions, including: |
1.3 billion manat ($764.7 million) |
11.38 |
|
|
Nakhchivan |
53.2 million manat ($31.29 million) |
2.63 |
0.45 |
|
Absheron-Khizi |
372.4 million manat ($219 million) |
5.65 |
3.17 |
|
Mountainous Shirvan |
32.7 million manat ($19.2 million) |
3.81 |
0.28 |
|
Ganja-Dashkesan |
184.4 million manat ($108.4 million) |
5.18 |
1.57 |
|
Karabakh |
76.2 million manat ($44.8 million) |
3.79 |
0.65 |
|
Gazakh-Tovuz |
85 million manat ($50 million) |
4.76 |
0.72 |
|
Guba-Khachmaz |
112.7 million manat ($66.2 million) |
4.45 |
0.96 |
|
Lankaran-Astara |
121.4 million manat ($71.4 million) |
4.16 |
1.03 |
|
Central Aran |
100.8 million manat ($59.2 million) |
3.98 |
0.86 |
|
Mil-Mughan |
41.3 million manat ($24.2 million) |
2.63 |
0.35 |
|
Shaki-Zagatala |
97.1 million manat ($57.1 million) |
3.23 |
0.83 |
|
East Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
58.3 million manat ($34.2 million) |
3.07 |
0.50 |
The total volume of bank deposits of the Azerbaijani population as of December 31, 2020, amounted to 8.1 billion manat ($4.7 billion).