Finance

Finance

Bank cash turnover 25% rises in Azerbaijan

06 January 2012 10:39 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. In January-November, 2011, receipts part of cash turnover in Azerbaijanâ€™s banking system made AZN 21.887 bln, expenses â€“ AZN 22.947 bln.

According to CBA, in comparison with 2010, receipts part rose 24.6% expenses â€“ 25.1%

Thus, AZN 1.060 bln-negative balance derived in bank cash circulation and AZN 1.144 bln-monetary emission was held during the same period, up 46.7% from last yearâ€™s performance.

The share of income from financial transactions with legal entities and individuals has 59.6% of the total arrival or AZN 13.052 million. Other sources of income include entitiesâ€™ receipts (AZN 5.055 billion (23.1%)) and individual personsâ€™ receipts (AZN 2.013 billion (9.2%)).

The share of payments on financial transactions with legal entities and individuals in the expenditure of cash turnover accounts for AZN 7.682 billion or 33.5%, while investments in ATM machines â€“ AZN 6.769 billion or 29.5%, to share of payments to businesses and individuals engaged in entrepreneurial activity without establishing a legal entity â€“ AZN 7.785billion or 33.9%.