Finance

Finance

Bank cash turnover 27% rises in Azerbaijan

14 February 2012 08:53 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. In 2011, receipts part of cash turnover in Azerbaijanâ€™s banking system made AZN 243988 bln, expenses â€“ AZN 26.702 bln.

According to CBA, in comparison with 2010, receipts part rose 26.2% expenses â€“ 26.7%

As can be seen during the reporting period, the volume of issue on bank cash turnover was AZN 1.865 billion, and negative balance made AZN 7.714 bln 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 60.2% of the total arrival of AZN 15.052 billion. Among other sources of income may be noted from the entities of AZN 5.683 billion (22.7% share) and from individuals by AZN 2.250 billion (9.0%).

The share of payments on financial transactions with legal entities and individuals in the expenditure of cash turnover accounts for AZN 8.773 billion or 32.9%, while investments in ATM machines â€“ AZN 7.697 billion or 28.8%, to share of payments to businesses and individuals engaged in entrepreneurial activity without establishing a legal entity â€“ AZN 9.402 billion or 35.2%.