Bank Of Baku

Transactions on BICEX 48% decrease in September

Transactions on BICEX 48% decrease in September
# 01 October 2010 15:38 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. 22 deals were registered at 40 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during September. The auctions were attended by 6 banks.

The total volume of e-trades of currency section in accounting month has made 25.243 million manats or 31.424 millions in dollar equivalent, down AZN 23.181 mln or 47.9% compared with May.

The average daily turnover in “Bourse E-System of Trades” on USD/AZN reached approximately $ 1.571 millions, then that the average volume of each transaction has made $ 1.428 millions.

At the same time, Joint-stock Commercial Bank “AIB” has headed five bank-leaders of exchange currency market in accordance with shares of transactions concluded by him (79.40%). “Unibank” (13.52%), “AGBank” (2.00%), “Eurobank” (1.82%) and “Pasha Bank” (1.82%) also included in the number of the leading dealers of organized currency market.
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