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Number of depositors in Azerbaijan doubles over past two years

04 February 2026 12:29 (UTC +04:00)

As a result of the new monetary policy, the number of unique depositors increased by 81.3% last year compared to 2024, said the Chairman of the Central Bank of Azerbaijan, Taleh Kazimov, at a press conference held today, APA-Economics reports.

Taleh Kazimov noted that the liquidity coverage ratio was introduced to ensure the stability of the financial sector:

"This also required banks to attract more term deposits. The deposit rates of systemically important banks were around 6%. After the liquidity coverage ratio and the principle of fairness in interest expenses were applied, the interest expenses of banks increased. As a result of these reforms, the volume of term deposits increased by 1.8 billion manat in 2024, and by 2.3 billion manat last year."

While the number of unique depositors in the country was 106 thousand at the end of 2024, this figure exceeded 190 thousand by the end of 2025.

Thus, the depositor base of approximately 100 thousand, which was formed over the past 30 years, has more than doubled in just the last 2 years.