As of June 1, the total deposit portfolio of Azerbaijani banks amounted to 42.2 billion manats.
According to Report, citing the Central Bank of Azerbaijan (CBA), this represents an increase of 2.2% compared to the previous month and 1.2% since the beginning of the year, but a 2.3% decline compared to June 1 of last year.
Deposits held by non-financial organizations accounted for just over 20 billion manats, or 47.4% of the total deposit portfolio. Their deposits decreased by 19.3% year-on-year.
Meanwhile, household deposits increased by 18.2%, reaching just over 17.8 billion manats, while deposits of financial organizations rose by 33.1% to nearly 4.4 billion manats.
Of the total deposit volume, nearly 22.69 billion manats were short-term deposits, down 7.5% from a year earlier. Long-term deposits increased by 4.6% year-on-year to just over 19.5 billion manats.