BAKU, Azerbaijan, May 29. The volume of bank deposits originating from Azerbaijan’s Karabakh and East Zangazur economic regions stood at 87.2 million manat ($51.2 million) as of May 1, 2025.
Data obtained by Trend from the Central Bank of Azerbaijan indicates
that this denotes a contraction of 20 million manat ($11.7
million), equating to an 18.6 percent decline relative to the
preceding month. This metric also signifies a contraction of
approximately 1.2 percent relative to the corresponding timeframe
in 2024.
Concurrently, the inflow of deposits from the East Zangazur
economic region registered at 614,000 manat ($361,182), reflecting
a decrement of 75,000 manat ($44,118), equating to a contraction of
10.9 percent on a month-over-month basis.
Across the entirety of the nation, during the specified reporting
timeframe, the aggregate quantum of deposits amassed throughout all
territories in Azerbaijan reached an estimated 14.8 billion manat
(equivalent to $8.7 billion). This indicates a contraction of 221
million manat ($130 million), equating to a 1.5 percent decline
relative to the preceding month, while concurrently demonstrating
an expansion of 10.4 percent in juxtaposition to the corresponding
timeframe of the prior year.
