BAKU, Azerbaijan, April 6. Azerbaijan’s regions have managed to pull in a whopping total of around 14.8 billion manat ($8.7 billion) in deposits as of March 1, 2025.
Data obtained by Trend from the Central Bank of Azerbaijan indicates that the lion's share of deposits, 13.1 billion manat ($7.7 billion), rolled in from the Baku economic region, while the smallest drop in the bucket, around 439,000 manat ($258,240), trickled in from the East Zangezur economic region.
The second highest deposits were reported in the Absheron-Khizi economic region, with 529.3 million manat ($311.3 million) held in bank accounts.
The third place in deposit volume went to the Ganja-Dashkasan economic region, which attracted over 232.2 million manat ($136.6 million).
The full list of regions and their respective deposit volumes is as follows:
|
Attracted deposits by regions |
||
|
Region name |
Total |
Average interest rate, % |
|
Baku economic region |
13.1 billion manat ($7.7 billion) |
4.37 |
|
Absheron-Khizi economic region |
529.3 million manat ($311.3 million) |
6.39 |
|
Ganja-Dashkasan economic region |
232.2 million manat ($136.6 million) |
6.4 |
|
Guba-Khachmaz economic region |
142 million manat ($83.5 million) |
5.68 |
|
Lankaran-Astara Economic Region |
130 million manat ($76.5 million) |
5.62 |
|
Sheki-Zagatala economic region |
127 million manat ($74.7 million) |
4.81 |
|
Central Aran economic region |
123.4 million manat ($72.6 million) |
5.75 |
|
Gazakh-Tovuz economic region |
113.5 million manat ($67 million) |
6.03 |
|
Karabakh economic region |
92 million manat ($54 million) |
5 |
|
Nakhchivan economic region |
75 million manat ($44 million) |
4.13 |
|
Shirvan-Salyan economic region |
71 million manat ($42 million) |
4.54 |
|
Mil-Mugan economic region |
52,310 million manat ($30.7 million) |
3.77 |
|
Mountainous Shirvan economic region |
50 million manat ($29 million) |
5.36 |
|
East Zangezur economic region |
439,000 manat ($258,240) |
3.19 |
|
Total |
14.8 billion manat ($8.7 billion) |
4.53 |