Finance

Finance

Bank cash turnover 24% rises in Azerbaijan

09 December 2011 12:09 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. In January-October, 2011, receipts part of cash turnover in Azerbaijanâ€™s banking system made AZN 19.549 bln, expenses â€“ AZN 20.572 bln.

According to CBA, in comparison with 2010, receipts part rose 23.9% expenses â€“ 224.5%

As it seems, during the reporting period, the volume of issue on bank cash turnover was AZN 1.056 bln, and negative balance made AZN 1,023 bln which is 43% more than during the same period last year. The share of income from financial transactions with legal entities and individuals has 59.1% of the total arrival or AZN 11.545 million. Other sources of income include entitiesâ€™ receipts (AZN 4.6 billion (23.5%)) and individual personsâ€™ receipts (AZN 1.809 billion (9.3%)).

The share of payments on financial transactions with legal entities and individuals in the expenditure of cash turnover accounts for AZN 6,938 billion or 33.7%, while investments in ATM machines â€“ AZN 6.113 billion or 29.4%, to share of payments to businesses and individuals engaged in entrepreneurial activity without establishing a legal entity â€“ AZN 6.889 billion or 33.5%.

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