BAKU, Azerbaijan, December 23. The total deposits of the Azerbaijani population increased by 2.5 billion manat ($1.4 billion), or 29.03 percent, as of November 30, 2022, compared to the same month the previous year, - from 90.5 billion manat ($53.24 billion) up to 11.5 billion manat ($6.7 billion), Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, a total of 10.2 billion manat ($6 billion), or 88.59 percent of all bank deposits, fell on Baku, while 1.3 billion manat ($760 million), or 11.3 percent, – on the districts.
Meanwhile, 61.12 percent (7.08 billion manat, or $4.16 billion) of bank deposits were in national currency, whereas 38.88 percent (4.5 billion manat, or $2.6 billion) – were in foreign currency.
The average annual deposit rate as of November 30, 2022, was 3.337 percent, while in Baku – 3.22 percent.
Regional distribution of bank deposits in Azerbaijan (as of November 30, 2022):
|
Deposits |
Average interest rate (percent) |
Share of total deposits(percent) |
||
|
Manat |
USD |
|||
|
Azerbaijan |
11.5 billion |
$6.76 billion |
3.37 |
100 |
|
Baku |
10.2 billion |
$6 billion |
3.22 |
88.59 |
|
Economic regions, including: |
1.322 billion |
$777.65 billion |
11.41 |
|
|
Nakhchivan |
73.4 million |
$43.1 million |
1.98 |
0.63 |
|
Absheron-Khizi |
380.1 million |
$223.5 million |
5.39 |
3.28 |
|
Mountainous Shirvan |
33.9 million |
$19.9 million |
3.57 |
0.29 |
|
Ganja-Dashkesan |
182.6 million |
$107.4 million |
5.17 |
1.58 |
|
Karabakh |
71.4 million |
$42 million |
3.87 |
0.62 |
|
Gazakh-Tovuz |
89.4 million |
$52.5 million |
4.44 |
0.77 |
|
Guba-Khachmaz |
104.4 million |
$61.4 million |
4.75 |
0.9 |
|
Lankaran-Astara |
100.8 million |
$59.2 million |
4.92 |
0.87 |
|
Central Aran |
96.2 million |
$56.5 million |
4.03 |
0.83 |
|
Mil-Mughan |
42.8 million |
$25.1 million |
2.52 |
0.37 |
|
Shaki-Zagatala |
91.5 million |
$53.8 million |
3.34 |
0.79 |
|
East Zangazur |
- |
- |
- |
- |
|
Shirvan-Salyan |
55.8 million |
$32.8 million |
3.16 |
0.48 |
