BAKU, Azerbaijan, February 4. The number of
unique depositors in Azerbaijan grew by 81.3% last year compared to
2024 as a result of the new monetary policy, Chairman of the
Central Bank of Azerbaijan (CBA) Taleh Kazimov said at a press
conference held today, Trend reports.
The official highlighted that the liquidity coverage ratio was
implemented to bolster the resilience of the financial sector.
"This also required banks to attract more term deposits. The
deposit rates of systemically important banks were at 6%. After
application of the liquidity coverage ratio and the principle of
fairness in interest expenses, the interest expenses of banks rose.
As a result of these reforms, the volume of term deposits grew by
1.8 billion manat ($1.1 billion) in 2024 and by 2.3 billion manat
($1.3 billion) last year.
While the number of unique depositors in the country at the end
of 2024 was 106,000, by the end of 2025 this figure reached
194,000.
Thus, the depositor base of approximately 100,000, which was
formed over the past 30 years, has shown a two-fold increase in
just the last two years," he added.
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