Bank Of Baku

Bank cash circulation 38% rises in Azerbaijan

Bank cash circulation 38% rises in Azerbaijan
# 08 May 2012 12:20 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. In January-February, 2012, receipts part of cash circulation in Azerbaijan’s banking system made AZN 4.460 bln, expenses – AZN 4.204 bln.

According to CBA, in comparison with 2011, receipts part rose 38% expenses – 35.2%.

So the positive balance made AZN 256 mln and monetary emission made AZN 334.6 mln, up 3.1 times from year earlier. The share of income from financial transactions with legal entities and individuals made AZN 2.740 bln or 61.4%. Among other sources of income may be noted from the entities of AZN 892.9 million (20%) and from individuals by AZN 477.3 million (10.7%).

The share of payments on financial transactions with legal entities and individuals in the expenditure of cash circulation accounts for AZN million or 37% or AZN 1.556 bln, while investments in ATM machines – AZN 1.258 billion or 30%, to share of payments to businesses and individuals engaged in entrepreneurial activity without establishing a legal entity – AZN 1.189 billion or 28.3%.
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