As of late April, bank deposits of the population of Azerbaijani regions made up 718.1 million manats, up by 16.14% YoY, the Central Bank of Azerbaijan (CBA) reported.
The share of Azerbaijani regions in the total volume of all bank deposits in the country was 8.24%. In the reporting period, around 80.2% (575.63 million manats) of all deposits in the country’s regions accounted for savings in the national currency. For comparison, the share of manat deposits in Baku made up 38.1%.
In late April, the volume of deposits in Baku amounted to 7.9 billion manats, including 3.05 billion manats in the national currency.
The average annual interest rate on loans for April was 3.7% in the country’s regions and 3.5% in Baku. (Trend/Business World Magazine)