deposits
Azerbaijan added 48,000 term depositors. Does that mean greater wealth?
Unique term depositors increased 27.2% over a year. We examine what the broader customer base says about saving — and what it cannot reveal.
Azerbaijani bank profits rise 23% — without a cut in provisions
Eight-month bank profits reached AZN 949.7 million. Higher income outweighed rising deposit costs and larger provisions. We trace the earnings bridge.
Xalq Bank Reports Q3 2026 Financial Results
Xalq Bank's assets reached 2.828 billion manats, loan portfolio grew to 1.98 billion manats, and net profit amounted to 24 million manats.
Azerbaijan's Industrial Bank Reports 5.3% Profit Increase for 9 Months
Azerbaijan Industrial Bank's net profit for January-September 2026 reached 5.427 million manats, up 5.3% year-on-year.
Azerbaijan's deposit base grew, but dollarization reversed upward
By August 2026, deposits reached 46,052.98 million manats, 11.1% more than a year earlier, but the share of foreign currency deposits rose by 0.82 percentage points over the month — to 35.54%.
Deposit Dollarization in Azerbaijan: Annual Decline Versus August Rebound
The share of foreign currency deposits declined by 3.2 percentage points over the year, but in August 2026 it rose by 0.82 percentage points compared to July — the annual trend and the latest month point in different directions.
Manat deposit rate: 9.16% in September versus 9.47% in March
The average manat deposit rate in September 2026 was 9.16% — above last year's 9.05%, but below the March peak of 9.47%. This is a benchmark for comparing bank terms, not the return on a specific deposit.
Azerbaijan's Deposits: Balance Growth Amid a Decline in the Foreign Currency Share
By the end of July 2026, Azerbaijan's deposit base reached 44,501.1 million manats, while the share of foreign currency deposits declined to 34.7% versus 38.2% a year earlier.
Azerbaijan's Banking Sector Assets Up 12.2%
As of September 1, the assets of Azerbaijani banks reached 62.5 billion manats, up 12.2% year-on-year. The loan portfolio and deposits also showed growth.
Deposit Dollarization in Azerbaijan: Share Declines Against a Growing Base
At the end of July 2026, the share of foreign currency deposits was 34.715% with a total base of 44,501.149 million manats: the structure of the stock shifted, but the cause cannot be derived from these data.
Deposit rate in manats: August pullback amid annual growth
The average manat deposit rate in August 2026 declined from July but remained above last year's level — this changes not the direction, but the sensitivity of the cost of funding.
Azerbaijan Banks' Deposit Portfolio Grows to AZN 44.5 Billion
According to the Central Bank of Azerbaijan, the deposit portfolio of Azerbaijani banks stood at AZN 44.5 billion as of August 1, up 6.5% year-on-year.
VTB (Azerbaijan) Assets and Liquidity Decline
In Q2 2026, VTB (Azerbaijan) CJSC reported a drop in cash, deposits, and assets, while its loan portfolio grew by 18.16%.
Azerbaijan's Foreign Currency Deposits of Households Decline to 4.98 Billion Manats
As of July 1, 2026, household foreign currency deposits in Azerbaijani banks decreased by 0.29% year-on-year to 4.978 billion manats. The share of foreign currency deposits fell to 27.93%.
Azerbaijan Bank Deposits Rise to 44.2 Billion Manats
Azerbaijan's bank deposit portfolio reached 44.2 billion manats as of July 1, 2026, up 4.6% month-on-month.
Binance Launches USD Deposits and Withdrawals for Users in Azerbaijan
Binance simplifies access to USD deposits and withdrawals for users in Azerbaijan via BPay Global.