Bank Of Baku

Transactions on BICEX decrease by 44% in January

Transactions on BICEX decrease by 44% in January
# 02 February 2011 15:50 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. 20 deals were registered at 36 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during January, 2011. The auctions were attended by 9 banks.

The total volume of e-trades of currency section in a year has made 62.796 million manats, down 1.7% compared to e year ago.

The average daily turnover in “Bourse E-System of Trades” on USD/AZN reached approximately $ 4.382 millions, then that the average volume of each transaction has made $ 3.944 millions.

At the same time, Joint-stock Commercial “International Bank of Azerbaijan” has headed five bank-leaders of exchange currency market in accordance with shares of transactions concluded by him (40.69%). “Azerbaijan Industry Bank” (13.98%), “AGBank” (3.36%), “YapiKredi Bank Azerbaijan” (3.17%) and “Bank Respublika” (1.27%) also included in the number of the leading dealers of organized currency market.
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