Total deposit base of the banking sector of Azerbaijan, including deposits of non-residents and the government, amounted to 23 148.1 million AZN in June.

According to the Central Bank of Azerbaijan (CBA), volume of deposits increased by 590 million AZN or 2.61% as compared to the May 1, and increased by 4 572, 8 mln. AZN or 24.61% compared with the same period last year.

On a monthly basis, manat deposits grew by 116.3 million AZN or 2.68%, on an annual basis decreased by 506.2 million AZN or 10.21% to 4 450.8 million AZN. In particular, demand deposits over the past month increased by 52.8 million AZN or 2.41% in a year - to 279.5 million AZN or 14.24%, amounting to 2 241,8 AZN, short-term deposits on a monthly basis increased by 63.5 mln. AZN or 2.95%, in the annual comparison decreased by 85.7 mln. AZN or 2.68%, to 2 209 mln. AZN.

According to the report, volume of deposits in foreign currency in May increased by 473.7 million AZN or 2.59%, compared to the same period last year 5 078.9 million AZN or 37.29% to 18 697,2 million AZN.

Currency demand deposits in a monthly comparison increased by 3.2 million AZN or 0.05%, on an annualized basis increased by 2 326.7 million AZN or 73.02% to 5 512.9 million AZN. Short-term deposits in the monthly comparison increased by 470.5 million AZN or 3.7%, in annual comparison up by 2 752.2 million AZN or 26.38% to 13 184.3 million AZN.