Transactions on BICEX increase by 75% in February

Transactions on BICEX increase by 75% in February
# 02 March 2011 07:58 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. 41 deals were registered at 40 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during February, 2011. The auctions were attended by 14 banks.

The total volume of e-trades of currency section in February has made 110.051 million mantas or $ 138.582 mln, up 2.2 times compared to a year ago.

The average daily turnover in “Bourse E-System of Trades” on USD/AZN reached approximately $ 6.929 millions, then that the average volume of each transaction has made $ 3.380 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 (33.63%). “Azerbaijan Industry Bank” (16.00%), “YapiKredi Bank Azerbaijan” (7.58%), “Unibank” (4.55%) and “AGBank” (3.75%), also included in the number of the leading dealers of organized currency market
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