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BICEX turnover grew 11% in September

BICEX turnover grew 11% in September

06 October 2008 15:55 (UTC +04:00)

Baku. Vugar Mustafayev â€“ APA-Economics. 64deals were closed at 44 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during September.
Deals worth AZN 128.325 million ($158.077 million) in total were concluded among 23 banks, an 11.19 rise on a month earlier.
Average daily turnover went up to $7.185 million from $3.382 million and the value per deal reached AZN 2.47 million from $1.754 million on average.
Deals in foreign currencies exceeded AZN 1 604.8 million or $1.946 billion.
The total turnover during January-September rose 80.05% from a year earlier. Five banks- International Bank of Azerbaijan (22.06%), UniBank (20.64%), YapiKredi Bank (11.16%), Bank Standard (10.73%) and Azerbaijan Industry Bank (10.55%) came ahead for the amount of deals in September.

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