BAKU, Azerbaijan, October 25. The total volume of bank deposits of Azerbaijan's population as of September 30, 2023, increased by 1.4 billion manat, which is $823.5 million (13.18 percent) year-on-year, from 11.2 billion ($6.5 billion) to 12.5 billion manat ($7.3 billion), Trend reports.
The data of the Central Bank of Azerbaijan (CBA) shows that Baku accounted for 88.32 percent (11.2 billion manat, which is $6.5 billion) of all bank deposits in the country, while regions accounted for 11.68 percent (1.4 billion manat, which is $823.5 million).
At the same time, 64.94 percent (8.2 billion manat, which is $4.8 billion) of the population's bank deposits were in national currency, and 35.06 percent (4.4 billion manat, which is $2.5 billion) were in foreign currency.
The average annual deposit rate for Azerbaijan amounted to 3.61 percent, for Baku, it was 3.49 percent.
Distribution of bank deposits by Azerbaijani regions (as of September 30, 2023):
|
Deposits |
Average interest rate (percent) |
Share of total deposits (percent) |
|
|
Azerbaijan |
12.7 billion manat ($7.4 billion) |
3.61 |
100 |
|
Baku |
11.2 billion manat ($6.5 billion) |
3.49 |
88.32 |
|
Economic areas, including: |
1.4 billion manat ($823.5 million) |
11.68 |
|
|
Nakhchivan |
69.4 million manat ($40.8 million) |
2.35 |
0.5 |
|
Absheron-Khizi |
422.7 million manat ($248.6 million) |
5.52 |
3.33 |
|
Mountainous Shirvan |
37.8 million manat ($22.2 million) |
3.76 |
0.30 |
|
Ganja-Dashkesan |
206.1 million manat ($121.2 million) |
5.08 |
1.62 |
|
Karabakh |
92.4 million manat ($54.3 million) |
3.40 |
0.73 |
|
Gazakh-Tovuz |
101.6 million manat ($59.7 million) |
4.78 |
0.80 |
|
Guba-Khachmaz |
121.5 million manat ($71.4 million) |
4.62 |
0.96 |
|
Lankaran-Astara |
115.2 million manat ($67.7 million) |
4.69 |
0.91 |
|
Central Aran |
103.6 million manat ($60.9 million) |
4.23 |
0.82 |
|
Mil-Mughan |
42.9 million manat ($25.2 million) |
2.60 |
0.34 |
|
Shaki-Zagatala |
110.4 million manat ($64.9 million) |
3.53 |
0.87 |
|
Eastern Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
59.9 million manat ($35.2 million) |
3.30 |
0.47 |