Finance

Finance

Bank cash circulation 48% rises in Azerbaijan

16 March 2012 08:59 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. In January, 2011, receipts part of cash circulation in Azerbaijanâ€™s banking system made AZN 2.358 bln, expenses â€“ AZN 1.990 bln.

According to CBA, in comparison with 2010, receipts part rose 47.6% expenses â€“ 45.1%

As can be seen during the reporting period, the volume of issue on bank cash circulation was AZN 436 million, and negative balance made AZN 368 mln. The share of income from financial transactions with legal entities and individuals made AZN 1.463 bln or 62%. Among other sources of income may be noted from the entities of AZN 505 million (21.4%) and from individuals by AZN 236 million (10.0%).

The share of payments on financial transactions with legal entities and individuals in the expenditure of cash circulation accounts for AZN million or 41.0% or AZN 816 mln, while investments in ATM machines â€“ AZN 509 million or 25.6%, to share of payments to businesses and individuals engaged in entrepreneurial activity without establishing a legal entity â€“ AZN 592 million or 29.8%.