CBA: Dollarization of household deposits in Azerbaijan decreased by almost 3 percentage points in 2026

As of July 1, 2026, household foreign currency deposits in Azerbaijani banks decreased by 0.29% year-on-year, reaching 4.978 billion manats, Report informs.

According to the Central Bank of Azerbaijan (CBA), their share of total household deposits amounted to 27.93%.

A year ago, their share was 32.34%, and at the beginning of 2026, it was 30.82%.

Thus, since the beginning of the current year, the volume of foreign currency deposits has decreased by 2.89 percentage points.

The total volume of household bank deposits (including funds of individual entrepreneurs) as of July 1 increased by 15.46% year-on-year and by 6.27% since the beginning of the year, reaching 17.823 billion manats.

Deposits in national currency increased by 15.77% year-on-year and by 10.71% year-to-date, reaching 12.845 billion manats, equivalent to 72.06% of all deposits.

During the reporting period, resident deposits reached 16.347 billion manats, while non-resident deposits reached 1.476 billion manats.

Resident deposits increased by 16.24% year-on-year, while non-resident deposits increased by 7.44%.

Compared to the beginning of the year, resident deposits grew by 6.99%, while non-resident deposits decreased by 1.13%, respectively.

The total volume of deposits in Azerbaijani banks as of July 1, 2026, amounted to 44.155 billion manats, representing a 2.8% increase compared to the same period last year and a 5.82% increase compared to the beginning of the current year.

($1=1.7 manats)