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Bank cash turnover rises in Azerbaijan

20 July 2011 14:37 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. In January-May, 2011, receipts part of cash turnover in Azerbaijanâ€™s banking system made AZN 8,873.4 mln, expenses â€“ AZN 8,995.6 mln.

According to CBA, in comparison with 2010, receipts part rose 20.9% expenses â€“ 17.5%

As can be seen during the reporting period, the volume of issue on bank cash turnover was AZN 156.3 million, which is 46.2% less than during the same period last year. The share of income from financial transactions with legal entities and individuals has 58.1% of the total arrival of five or AZN 153.9 million. Among other sources of income may be noted from the entities of $ AZN 2,162.7 million (24.4% share) and from individuals by AZN 806.9 million (9.1%).

The share of payments on financial transactions with legal entities and individuals in the expenditure of cash turnover accounts for AZN 3 021.2 million or 33.6%, while investments in ATM machines â€“ AZN 2,885.1 million or 32.1%, to share of payments to businesses and individuals engaged in entrepreneurial activity without establishing a legal entity â€“ AZN 2,849.1 million or 31.7%.