Bank cash turnover rises 40% in Azerbaijan

Bank cash turnover rises 40% in Azerbaijan
# 10 September 2012 11:46 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. In January-July, 2012, receipts part of cash turnover in Azerbaijan’s banking system made AZN 17,589 bln, expenses – AZN 18,424 bln.

According to CBA, in comparison with 2011, receipts part rose 39.2% expenses – 37.8%

As can be seen during the reporting period, the volume of issue on bank cash turnover was AZN 799.6 million, and negative balance made AZN 835 mln, up 9.8% from a year earlier. The share of income from financial transactions with legal entities and individuals has 61.0% of the total arrival of or AZN 10.729 bln. Among other sources of income may be noted from the entities of AZN 3.673 bln (20.9% share) and from individuals by AZN 1,902 bln (10.8%).

The share of payments on financial transactions with legal entities and individuals in the expenditure of cash turnover accounts for AZN 6.850 bln or 37.2%, while investments in ATM machines – AZN 4.983 bln or 27.0%, to share of payments to businesses and individuals engaged in entrepreneurial activity without establishing a legal entity – AZN 5.853 bln or 31.8%.
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