deposits

As of the end of July 2024, Azerbaijani banks had a deposit portfolio of 34,381.3 million manats. This is stated in the insurance review published by the Central Bank of Azerbaijan.

In May 2024, the situation with accepting deposits in 5 banks in Azerbaijan changed. Banks have revised the interest rates on classic deposits placed in Azerbaijani manats and US dollars.

In March 2024, the situation with accepting deposits in 2 banks of Azerbaijan changed. Banks have revised the percentage of classic deposits placed in manats and US dollars.

By the end of 2023, 88% of bank deposits in Azerbaijan are protected by the Deposit Insurance Fund.

In a noteworthy trend, Azerbaijani individuals have begun favoring dollar deposits over mandatory ones, marking a significant shift in the country's banking landscape. According to statistical data re...

In January 2024, the situation with accepting deposits changed in 6 banks of Azerbaijan.  Banks have revised interest rates on deposits placed in both Azerbaijani manats and US dollars.   Thus, the...