BAKU, Azerbaijan, November 24. The total volume of bank deposits of Azerbaijan's population as of October 31, 2023, increased by 1.06 billion manat, or $620 million (9.25 percent) year-on-year, from 11.5 billion ($6.7 billion) to 12.56 billion manat ($7.39 billion), Trend reports.
The data of the Central Bank of Azerbaijan (CBA) showed that Baku accounted for 88.54 percent (11.1 billion manat, or $6.5 billion) of all bank deposits in the country, while regions accounted for 11.46 percent (1.4 billion manat, or $823.5 million).
At the same time, 64.8 percent (8.1 billion manat, or $4.7 billion) of the population's bank deposits were in national currency, and 35.2 percent (4.4 billion manat, or $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 October 31, 2023):
|
Deposits |
Average interest rate (percent) |
Share of total deposits (percent) |
|
|
Azerbaijan |
12.7 billion manat ($7.4 billion) |
3.55 |
100 |
|
Baku |
11.1 billion manat ($6.5 billion) |
3.41 |
88.54 |
|
Economic regions, including: |
1.4 billion manat ($823.5 million) |
11.46 |
|
|
Nakhchivan |
62.68 million manat ($36.8 million) |
2.65 |
0.5 |
|
Absheron-Khizi |
402.5 million manat ($236.7 million) |
5.64 |
3.2 |
|
Mountainous Shirvan |
36.9 million manat ($21.7 million) |
3.92 |
0.29 |
|
Ganja-Dashkasan |
198.4 million manat ($116.7 million) |
5.23 |
1.58 |
|
Karabakh |
78.97 million manat ($46.45 million) |
3.78 |
0.63 |
|
Gazakh-Tovuz |
102 million manat ($60 million) |
4.83 |
0.81 |
|
Guba-Khachmaz |
120.2 million manat ($70.7 million) |
4.48 |
0.96 |
|
Lankaran-Astara |
118.98 million manat ($69.9 million) |
4.52 |
0.95 |
|
Central Aran |
107.29 million manat ($63.1 million) |
4.05 |
0.85 |
|
Mil-Mughan |
44.7 million manat ($26.29 million) |
2.45 |
0.36 |
|
Shaki-Zagatala |
108.9 million manat ($64.9 million) |
3.65 |
0.87 |
|
Eastern Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
57.9 million manat ($34.3 million) |
3.36 |
0.46 |