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91% of bank deposits are in Baku

91% of bank deposits are in Baku

23 May 2012 11:12 (UTC +04:00)

According to Central Bank of Azerbaijan AZN 9,912.047 mln or 91% of AZN 4,298.915 mln in banks are in Baku. Regional deposits make AZN 386.868 mln.

AZN 166.922 mln of total deposits are in Absheron economic region (3.88%), AZN 60.517 mln â€“ in Ganja-Gazakh (1.4%), AZN 52.907 mln - in Aran (1.23%), AZN 24.508 mln â€“ in Guba-Khachmaz (0.57%), AZN 22.30 mln â€“ in Lankaran (0.52%), AZN 22.215 mln- Shaki-Zagatala (0.52%), AZN 21.284 mln â€“ in Nakhchivan AR.

The least deposits are in Mountainous Shirvan (AZN 8.305 mln), Upper Karabagh (AZN 6.406 mln) and Kalbajar-Lachin (AZN 1.503 mln).

Annual average YTM on deposits makes 8.8%. The highest interest rates are in Absheron (11.2%), lowest â€“ in Nakhchivan (2.5%).

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