Finance

Finance

Bank cash circulation 30% rises in Azerbaijan

25 May 2012 11:09 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. In January-March, 2012, receipts part of cash circulation in Azerbaijanâ€™s banking system made AZN 6.671 bln, expenses â€“ AZN 6.739 bln.

According to CBA, in comparison with 2011, receipts part rose 29.4% expenses â€“ 32.3%

Negative balance made AZN 68 mln. AZN 8.4 mln-monetary issue was realized, down 5.2 times from year earlier.

The share of payments on financial transactions with legal entities and individuals in the receiptn part made AZN 4.079 billion or 61.2% of total receipts. Other sources include receipts from legal entities in amount of AZN 1.349 bln or 20.2%, from individuals in amount of AZN 707.7 mln or 10.6%.

The share of payments on financial transactions with legal entities and individuals in the expenditure of cash circulation accounts for AZN 2.404 billion or 35.7%, while investments in ATM machines â€“ AZN 2.069 billion or 30.7%, to share of payments to businesses and individuals engaged in entrepreneurial activity without establishing a legal entity â€“ AZN 1.982 billion or 29.4%.