BAKU, Azerbaijan, August 4. The Azerbaijani population's total bank deposits increased by 1 billion manat, or $588 million (17 percent), as of July 31, 2023, year-on-year, from 10 million ($5 million) to 12 billion manat ($7 billion), Trend reports.
According to the Central Bank of Azerbaijan (CBA), Baku accounted for 88 percent (11 billion manat, or $6 billion) of all bank deposits in Azerbaijan, and the regions accounted for 11 percent (1 billion manat, or $820 million).
At the same time, as many as 63 percent (8 billion manat, or $4 billion) of the population's bank deposits were in national currency, and 36 percent (4 billion manat, or $2 billion) were in foreign currency.
Moreover, the average annual deposit rate in Azerbaijan was 3,49 percent, and in Baku it was 3.36 percent.
Distribution of bank deposits by Azerbaijan’s regions (as of July 31, 2023)
|
Deposits |
Average interest rate (%) |
Share of total deposits (%) |
|
|
Azerbaijan |
12 billion manat ($7 billion) |
3 |
100 |
|
Baku |
11 billion manat ($6 billion) |
3 |
88 |
|
Economic regions, including : |
1 billion manat or $588 million |
11 |
|
|
Nakhchivan |
68 million manat ($39 million) |
2 |
0.54 |
|
Absheron-Khizi |
417 million manat ($245 million) |
5 |
3 |
|
Mountainous Shirvan |
38 million manat ($22 million) |
3 |
0.30 |
|
Ganja-Dashkasan |
207 million manat ($121 million) |
4 |
1 |
|
Karabakh |
78 million manat ($45 million) |
3 |
0.62 |
|
Gazakh-Tovuz |
98 million manat ($57 million) |
4 |
0.78 |
|
Guba-Khachmaz |
122 million manat ($71 million) |
4 |
0.96 |
|
Lankaran-Astara |
118 million manat ($69 million) |
4 |
0.93 |
|
Central Aran |
107 million manat ($62 million) |
4 |
0.84 |
|
Mil-Mughan |
42 million manat ($24 million) |
2 |
0.33 |
|
Shaki-Zagatala |
107 million manat ($62 million) |
3 |
0.85 |
|
East-Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
58 million manat ($34 million) |
3 |
0.46 |