Bank Of Baku

Payments on AZIPS decrease by 18% in April

Payments on AZIPS decrease by 18% in April
# 13 June 2011 11:46 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The payments of credit companies via AZIPS (Azerbaijan Interbank Payment System) made AZN 6.498 bln, in April, 2011, down AZN 1.468 bln or 18.4% compared to March, up AZN 303 bln or 4.9% from year ago, CBA told APA.

Note that the number of payments grew to 32,000.

The average volume of per payment in April was AZN 203,100, down 31.2% from a month ago, up 11.5% from a year earlier.
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