BAKU, Azerbaijan, February 27. Azerbaijan’s regions have managed to pull in a whopping total of around 14.7 billion manat ($8.64 billion) in deposits as of February 1, 2025.
Data obtained by Trend from the Central Bank of Azerbaijan indicates that the lion's share of deposits, nearly 13 billion manat ($8.64 billion), rolled in from the Baku economic region, while the smallest drop in the bucket, around 503,000 manat ($295,878), trickled in from the East Zangezur economic region.
The second highest deposits were reported in the Absheron-Khizi economic region, with over 520.8 million manat ($306.3 million) held in bank accounts.
The third place in deposit volume went to the Ganja-Dashkasan economic region, which attracted over 235.2 million manat ($138.3 million).
The full list of regions and their respective deposit volumes is as follows:
|
Attracted deposits by regions |
||
|
Region name |
Total (thousand manats) |
Average interest rate |
|
Baku economic region |
12.9 billion manat ($8.64 billion) |
4.36 percent |
|
Absheron-Khizi economic region |
520,788 million manat ($306.3 million) |
6.29 percent |
|
Ganja-Dashkasan economic region |
235,177 million manat ($138.3 million) |
6.15 percent |
|
Guba-Khachmaz economic region |
138,748 million manat ($81.6 million) |
5.59 percent |
|
Lankaran-Astara Economic Region |
131,786 million manat ($77.5 million) |
5.36 percent |
|
Sheki-Zagatala economic region |
126,492 million manat ($74.4 million) |
4.65 percent |
|
Central Aran economic region |
123,797 million manat ($72.8 million) |
5.53 percent |
|
Gazakh-Tovuz economic region |
110,475 million manat ($64.9 million) |
6.02 percent |
|
Karabakh economic region |
91,826 million manat ($54 million) |
4.87 percent |
|
Nakhchivan economic region |
74,278 million manat ($43.6 million) |
3.74 percent |
|
Shirvan-Salyan economic region |
71,004 million manat ($41.7 million) |
4.33 percent |
|
Mil-Mugan economic region |
52,310 million manat ($30.7 million) |
3.51 percent |
|
Mountainous Shirvan economic region |
43,713 million manat ($25.7 million) |
5.35 percent |
|
East Zangezur economic region |
503,000 manat ($295,878) |
2.70 percent |
|
Total |
14.6 billion manat ($8.58 billion) |
4.50 percent |