On June 1, the total deposit portfolio of the local banks amounted to 18 billion 575.3 million Manat, of which household deposits were 7 billion 601.1 million Manat.
According to the Central Bank of Azerbaijan, all the banks in the reporting period (in Azerbaijan they are 45) involved cash deposits of 321 million 262 thousand Manat (minus 47.94% to June 1, 2014 - 617 million 67 thousand). This is the result of mistrust of the population to the real politics of the CBA, which for no reason or explanation resorted to the February devaluation of the national currency.
As a result, 2.03 times increased the level of payments on deposits - 834 million 354 thousand Manat as of 1 June this year against 410 million 317 thousand Manat a year earlier. The difference between the attraction of deposits and payouts amounted in aggregate 533 million 92 million AZN - last year there was a positive balance - 206 million 750 thousand Manat. --17D-
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review