BAKU, Azerbaijan, May 27. The total volume of the Azerbaijani population's bank deposits grew by 1.28 billion manat, or $750 million (10.53 percent), as of April 30, 2024, from 12 billion ($7 billion) to 13.5 billion manat ($7.9 billion), Trend reports.
The Central Bank of Azerbaijan (CBA) data showed that Baku accounted for 88.66 percent of all bank deposits in the country (12 billion manat, or $7 billion), while the regions accounted for 11.34 percent (1.5 billion manat, or $880 million).
While 65.74 percent of the population's bank deposits (8.9 billion manat, or $5 billion) were in national currency, 34.26 percent (4.6 billion manat, or $2.7 billion) were in foreign currency.
Azerbaijan's average yearly deposit rate was 3.9 percent, while Baku's was 3.77 percent.
Distribution of bank deposits by Azerbaijani regions (as of April 30, 2024):
|
Deposits |
Average interest rate (percent) |
Share of total deposit (percent) |
|
|
Azerbaijan |
13.5 billion manat ($7.9 billion) |
3.9 |
100 |
|
Baku |
12 billion manat ($7 billion) |
3.77 |
88.66 |
|
Economic regions, including: |
1.5 billion manat ($880 million) |
11.34 |
|
|
Nakhchivan |
69 million manat ($40.6 million) |
3.1 |
0.51 |
|
Absheron-Khizi |
443 million manat ($260.6 million) |
5.71 |
3.28 |
|
Mountainous Shirvan |
42.4 million manat ($25 million) |
4.03 |
0.31 |
|
Ganja-Dashkasan |
212 million manat ($125 million) |
5.63 |
1.57 |
|
Karabakh |
88 million manat ($52 million) |
3.89 |
0.65 |
|
Gazakh-Tovuz |
104 million manat ($61 million) |
5.43 |
0.77 |
|
Guba-Khachmaz |
124.7 million manat ($73.3 million) |
4.93 |
0.91 |
|
Lankaran-Astara |
120 million manat ($70.59 million) |
4.93 |
0.89 |
|
Central Aran |
110 million manat ($65 million) |
4.85 |
0.81 |
|
Mil-Mughan |
42.6 million manat ($25 million) |
3.08 |
0.32 |
|
Shaki-Zagatala |
114.6 million manat ($67 million) |
4.04 |
0.85 |
|
Eastern Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
61 million manat ($36 million) |
3.92 |
0.45 |
To note, the overall volume of Azerbaijan's population's bank deposits increased by 1.2 billion manat or $708.2 million (10.26 percent), year on year, from 11.7 billion ($6.9 billion) to 12.9 billion manat ($7.6 billion) as of December 31, 2023.