As of January 1, 2023, the amount of deposits of legal entities in banks was equal to 22 billion 279 million manats.

During the first 3 months of 2023, deposits of legal entities in banks decreased by 10.2% or 2 billion 65.9 million manats and amounted to 20 billion 213.7 million manats.

"APA-Economics" conducted a study on the decrease of deposits of companies in banks.

As a result of the investigation, it became clear that the deposit portfolio of legal entities of 12 banks operating in Azerbaijan decreased by 2 billion 373.2 million manats to 12 billion 189.8 million manats, and in 10 banks it increased by 237 million 831 thousand manats to 6 billion 952 million manats.

The largest decrease in the deposit portfolio of legal entities was in "Muganbank" (-65%) and Bank Eurasia (-52%), and the largest increase was in AccessBank (+40%) and Ziraat Bank in Azerbaijan (+33%).

It should be noted that "Xalq Bank", "Bank BTB" and "Bank Melli Iran Baku branch" did not disclose the size of the deposit portfolio of legal entities in their financial reports.

Banks

2022 thousand.

manats

1st quarter of 2023 thousand.

manats

Relative Dynamics

Absolute Dynamics min. manat

Muganbank OJSC

97101

33592

-65%

-63509

Bank Eurasia OJSC

12628

6012

-52%

-6616

Nakhchivanbank OJSC

145046

105648

-27%

-39398

Bank of Baku OJSC

35513

26142

-26%

-9371

Bank VTB (Azerbaijan) OJSC

41863

31058

-26%

-10805

Rabitabank OJSC

289972

224068

-23%

-65904

ABB OJSC

8715272

6854782

-21%

-1860490

Expressbank OJSC

41870

35208

-16%

-6662

Capital Bank OJSC

4456174

4154024

-7%

-302150

Gunay Bank OJSC

37563

35084

-7%

-2479

Yapı Kredi Bank Azerbaijan JSC

283106

279912

-1%

-3194

Bank Respublika OJSC

406930

404294

-1%

-2636

PASHA Bank OJSC

5435615

5496765

1%

61150

Unibank KB OJSC

218388

225220

3%

6832

Yelo Bank OJSC

131189

136435

4%

5246

Azerbaijan Industrial Bank OJSC

96414

100329

4%

3915

AFB Bank OJSC

86348

90437

5%

4089

TuranBank OJSC

101370

108262

7%

6892

Azer Turk Bank OJSC

183813

197820

8%

14007

Premium Bank OJSC

125827

140188

11%

14361

Ziraat Bank Azerbaijan OJSC

194126

258519

33%

64393

AccessBank JSC

141041

198027

40%

56986