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 |