Finance

Finance

Bank cash turnover 23% rises in Azerbaijan

18 November 2011 13:37 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. In January-September, 2011, receipts part of cash turnover in Azerbaijanâ€™s banking system made AZN 17,214.0 mln, expenses â€“ AZN 18,217.7 mln.

According to CBA, in comparison with 2010, receipts part rose 22.5% expenses â€“ 23.6%

As can be seen during the reporting period, the volume of issue on bank cash turnover was AZN 1,052.2 million, and negative balance made AZN 1,003.7 mln which is 1.5 times more than during the same period last year. The share of income from financial transactions with legal entities and individuals has 58.4% of the total arrival of r AZN 10,051.0 million. Among other sources of income may be noted from the entities of AZN 4,143.6 million (24.1% share) and from individuals by AZN 1,595.9 million (9.3%).

The share of payments on financial transactions with legal entities and individuals in the expenditure of cash turnover accounts for AZN 6,158.3 million or 33.8%, while investments in ATM machines â€“ AZN 5,517.8 million or 30.3%, to share of payments to businesses and individuals engaged in entrepreneurial activity without establishing a legal entity â€“ AZN 5,986.1 million or 32.8%.