Bank deposits of the population in Azerbaijan on July 1, 2014 are 6 720.6 million (+5.1% YTD).
As stated in the CBA AR, the main growth was in June - 1.2% in May - 1.1%. Most manat deposits increased individuals (8%), amounting to 4 198.3 million or 62.5% of total deposits.
By July 1 of this year, the volume of bank deposits of residents (6 093.2 million manat) is almost 10 times higher than the deposits of non-residents (627.4 million manat) in the financial life of the country. As we reported earlier, amid scandals with the failed bank RoyalBank the share of non-residents’ money fell by 19.1%.
By the second half of the year, the aggregate amount of deposits in local banks was 13 991.4 mln. -17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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