Bank Of Baku

Azerbaijan sees rise in cash flow

Azerbaijan sees rise in cash flow
# 13 June 2011 10:08 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Income of cash flow in Azerbaijan’s banking system made AZN 6,969.7 mln, expenditure – AZN 6,954.6 mln, in January-April, 2011, up 21.8 % and 16.8% compared to a year ago, Central Bank of Azerbaijan told APA.

As it seems, AZN 15.1 mln – positive balance was observed, while AZN 232 mln-negative balance was observed last year.

Most of incomes of cash flow came from receipts on financial operations with legal and individual persons. So that, AZN 4,046.8 mln or 58.1% of total income has come from this source. Other sources include incomes from legal entities (AZN 1,706.2 mln) and individuals (AZN 625.7 mln).

Expenditures of cash flow went to payments on financial operations with legal and individual person (AZN 2,296.4 mln), money for ATMs (AZN 2,254.1 mln), individuals engaging in business without establishing legal entity (es) (AZN 2,207.9 mln).
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