Azerbaijan Interest Rates

The Azerbaijani economy with a population of 9.49 M (est 2014) ranks 71st in the world. It has a GDP PPP of $102.8 Billion and GDP PPP per capita of $11,044 vs. $53,101 (United States) according to the IMF in 2013. The national currency is the Azerbaijani manat (AZN) that is issued by Central Bank of Azerbaijan (www.nba.az). Local banks in the country offer fixed-term deposits including multi currency deposits denominated US dollars or Euro. Inflation in the country was estimated to be 2.4% in 2013 and 1.1% in 2012 by the CIA.gov website.

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Azerbaijan Banks

Showing rates for 5 Bank deposit providers in Azerbaijan.
Bank Branch Founded Ownership
Access Bank Access Bank 42 2002 Foreign
Bank Respublika Bank Respublika 32 1992 Foreign
AtaBank AtaBank 24 1993 N/A
AGBank AGBank 19 1992 Local
Deka Bank Deka Bank 8 1989 Local

Azerbaijan Discussion Activity

  • Access Bank - Deposits
    Q: Dear Sir / Madam , I am living in Hungary , and interesting your 1 year term deposit in Manat (AZN) . What is you advertised . Do I need to visit your branch Bank in Baku to open my deposit account . How does it the process ?? Also , what is the tax deduction on profit , do I have to pay ?? Kind regards Sandor Boros

    Sandor from London, United Kingdom
  • Access Bank - Deposits - Access Bank 1 Year Term Deposit
    Q: Dear Sir/Madam; I am living in Qatar; can i open bank account in Azerbaijan; what is the procedure, do i need to visit there to open Deposit Account for 1 year. And what is the tex deduction on profit. Waiting for your prompt reply. Regards; Haroon Naseem

    Haroon Naseem from Qatar
  • Deposits
    Q: can non citizens open account ?

    ravi from Calgary, Canada