The dynamics of developing Azerbaijan's banking sector remains positive stable. The assets of the banking system have increased by more than 20 times for the last 15 years, the Central Bank of Azerbaijan (CBA) said. The average growth dynamics has been consistently above 40 percent for the last ten years. The total depth of the banking system (the ratio of assets to GDP) is about 37 percent.
But taking into account that the banking sector mainly works with non-oil sector of the economy, the ratio of assets to non-oil GDP, which is already 71 percent, is an important index. Since 2008, despite the global financial crisis, the depth of the banking system has showed a stable growth. The credit activity remains high. The ratio of the banks' loan portfolio to non-oil GDP has already exceeded 50 percent. The capital base is stable. The total capital of banks increased by two percentage points, reaching 15 percent compared to non-oil GDP. If one pays attention to the country's economic growth, the growth of the banking sector exceeds the rate of economic development of the country by more than twice.
Foreign exchange reserves held by the Central Bank of Azerbaijan in the first half of 2014 amounted to $15.163 billion. The Azerbaijani Central Bank's foreign exchange reserves increased by 19.2 percent, or $2.44 billion per annum. For comparison: their volume was $12.72 billion in January-June 2013.
The central bank plans to increase the volume of its reserves to $16 billion by the end of 2014.
Currency market and manat rate
Manat has been stable compared to the American dollar since early 2014. The rate of the manat compared to the dollar appreciated by two points for the first six months of 2014 and hit 0.7843 manat per dollar by the end of the reporting period.
The official exchange rate set by the Central Bank of Azerbaijan was 0,7842 AZN / USD on June 12, repeating the minimum recorded in the beginning of the year.
For the first time, the dollar rate reduced to this rate in late January and was 0.7842 manat per dollar for two days. In June, a similar rate remained unchanged for three days.
The volume of foreign exchange interventions of the Central Bank was $536 million in the first quarter of this year to keep the stable rate. As a whole, the central bank will carry out interventions worth $1.5-2 billion in the current year - the same as in 2013, deputy chairman of the Central Bank Khagani Abdullayev added.
The euro exchange rate increased by 0.1 percent for the first six months of 2014 compared to manat. The currency increased from 1.0691 manat to 1.0701 manat per euro during six months. The minimum rate for the reporting period - 1.0577 EUR / AZN was recorded on February 3, the maximum rate - 1.0932 EUR / AZN was reached on March 13. The fluctuations between maximum and minimum rates were 355 points. It should be stressed that as opposed to the dollar, EUR / AZN exchange rate was characterized by high volatility of the dynamics.
Foreign exchange market
According to the Baku Interbank Currency Exchange (BBVB), six banks-participants held 17 transactions at 38 trading sessions in Bourse E-System of Trades (BEST) in June 2014. The total volume of USD / AZN (spot) trading in the currency section during this period was 39.372 million manat or $50.199 million.
The volume of trading in the currency section increased by 54 percent or 13.8 million manat in June compared to May. The average daily turnover in USD / AZN e-trading system in June was approximately $2.642 million, while the average amount of each transaction - $2.953 million.
The USD / AZN_TOD exchange rate of national currency during the reporting month remained unchanged - 0.7829 AZN per 1 USD. The average rate of the dollar compared to the manat was 0,7843 AZN in June 2014.
There was no trading on the interbank credit market as part of BEST system in May-June 2014. The only deal (worth 2 million manat) was held in April as in February 2014. This increased turnover up to 4 million manat on the interbank credit market during this year. As of 2013, the volume of trading on the interbank credit market was 21 million manat in manat equivalent, including 2 million manat in late July compared to 5 million manat in May, 5 million in April, 2 million in March, 2 million in February and 5 million manat in January 2013.
The average monthly interest rate calculated on the basis of bids made by the banks-market makers on BakiBOR loans for up to 90 days amounted to 10.48 percent per annum in manat and 10.84 percent per annum in USD in June 2014. The rate on BakiBID up to 90 days was 5.26 percent per annum in manat and 5.02 percent in USD.
BBVB turnover on American currency is 155.818 million manat or $193.788 million (spot) in 2014. It was 403.644 million manat or $512.752 million (spot) in 2013, but taking into account the swap - 414.987 million manat or $527.752.
Azerbaijani monetary market
The Central Bank's important objective is to manage the money supply at an adequate macroeconomic and financial stability level, in terms of continuous growth of foreign exchange reserves of the country and increased liquidity of the banking system.
The money supply rate (M2) (cash in circulation (outside banks) and remainders in the domestic currency on accounts of non-financial organizations, financial (excluding credit) organizations and physical entities) increased by 18.9 percent in January-June 2014 compared to the same period of 2013, the Azerbaijani Central Bank's statistics report said.
The money supply rate (M2) amounted to 17.005.1 billion manat as of June 1, 2014 compared to 14.299.7 billion manat as of June 2013, according to the report.
The amount of cash money supply (M0) increased by 12.1 percent and amounted to 10.335.5 billion manat compared to 9.219.7 billion manat as of early July 2013.
As of January-June 2014, Broad Money Supply (M3) totaled 20.569.2 billion manat or 20.9 percent more compared to January-June 2013 (17.013.1 billion manat).
The transaction money (M1) increased by 12 percent per year and amounted to 12.710.6 billion manat compared to 11.356.4 billion manat as of June 2013.
Parameters of monetary market, in million manat:
|
Volume as of July 1, 2014 |
|
|
Money mass in extensive understating (М3) |
20569,2 |
|
Money mass on manat (М2) |
17005,1 |
|
Cash in manat (М0) |
10335,5 |
|
Non-cash in manat |
6 669,6 |
The expanded monetary base in Azerbaijan amounted to 11.580.6 billion manat as of July 1, 2014, the Azerbaijani Central Bank's statistics report said.
The monetary base increased by 12.1 percent per annum, according to the report. For comparison, this figure amounted to 10.329.9 billion manat as of June 2013.
As of July 1, 2014, the monetary base in manat amounted to 11.485.2 billion manat compared to 10.265.2 billion manat as of July 1, 2013.
During the reporting period the volume of money in circulation amounted to 10.905.9 billion manat, while as of July 1, 2013, this figure was 9.765.2 billion manat.
The ratio of cash money mass in circulation to the monetary base amounted to 94.2 percent as of July 1, 2014 compared to 94.5 percent as of July 1, 2013.
In turn, bank reserves were equal to 663.3 million manat which is 23 percent more than in June 2013 (539.3 million manat).
Azerbaijan's loan market
Azerbaijani banks increased lending to the economy by 21.64 percent in January-June 2014 compared to the same period of 2013, according to the Azerbaijani Central Bank's report as of the first six months of 2014.
The banks delivered loans totaling 16.754.8 billion manat including 12.228.3 billion manat (73 percent) in national currency and 4.526.5 billion manat (27 percent) in freely convertible currency for the reporting period.
For comparison, the figure was equal to 13.774.1 billion manat (9.750.3 billion manat in national currency and 4.023.8 billion manat in freely convertible currency) in January-June 2013.
Of the total portfolio, loans worth 877.6 million manat (5.24 percent) were overdue compared to 781.8 million manat (5.67 percent) as of January-June 2013. Statistics of overdue loans does not include similar loans of the non-banking credit institution Aqrarkredit. Overdue loans increased by 12.2 percent during a year.
According to the CBA, the quality of the loan portfolio is very good. The share of bad loans will not exceed six percent, which is rather low. The reserves were created for 80 percent of these loans. In fact, the share of unmanaged loans is about two percent.
Short term loans amounted to 3.530.3 billion manat (including overdue loans worth 378.7 million manat) compared to 3.240.1 billion manat (including overdue loans worth 363.9 million manat as of January-June 2013. The volume of short term loans in the economy increased by 9 percent during a year.
As of January-June 2014, the volume of long term loans amounted to 13.224.5 billion manat including 498.9 million manat in overdue loans compared to 10.534 billion manat including 417.9 million manat of overdue loans as of June 2013. The long term loans increased by 25.5 percent during a year.
The credit portfolio of the only state bank in the country, the International Bank of Azerbaijan, hit 5.785.2 billion manat with a specific weight of 34.5 percent, while private banks issued loans worth 10.499.7 billion manat with a specific weight of 62.7 percent. The remaining 2.8 percent fell to the share of non-bank credit organizations. They issued 469.8 million manat, according to the CBA.
Most of all loans are granted to households in Azerbaijan.
According to the CBA, households received 40.7 percent of the total volume of credit investments or 6.819.9 billion manat in January-June 2014.
The share of consumer loans in total share of the loan investments by the banks amounted to 40.7 percent, or 6819.9 million AZN, according to the report of the Central Bank of Azerbaijan (CBA) on the results of the first half of 2014.
The second highest proportion in the total loan portfolio of banks is the trade and services sphere (14.5 percent, or 2429 million AZN), increasing by 12.3 percent. The third place is taken by the construction and real estate sector (13.6 percent or 2283.1 AZN) the lending of which increased by 25.35 percent.
The industry and production sector received 11.7 percent from the total volume of lending to the real sector of Azerbaijan, which in nominal terms amounts to 1965.8 million AZN.
In connection with the announcement of 2014 the Year of the industry, the banks also increased lending to this sector. For comparison: in January-June 2013 the share of lending to the industrial sector accounted for 9.8 percent out of total bank deposits in the country's economy.
The share of transport and communication accounts for 3.5 percent (586.8 million AZN), agriculture and processing - 4.5 percent (762.1 million AZN), energy, chemistry, and natural resources - 1.3 percent (225.4 million AZN) and lending to other areas - 10.2 percent, or 1709 million AZN.
Loans delivered to the population in Azerbaijan's regions amounted to 2.665.7 billion manat as of July 1, 2014, or 15.9 percent of the total loan portfolio of banks, according to the Azerbaijani Central Bank's report as of January-June 2014.
In Baku, this figure amounted to 14.089.04 billion manat. Some 10.148.2 billion manat fall to the loans in the national currency. As of June 2014, the average interest rate on loans in the country was 14.3 percent, and in Baku - 13 percent, according to the CBA.
The crediting volume in Absheron economic region amounted to 537.8 million manat at an average rate of 19.2 percent, in Aran - 928.8 million manat at a rate of 21.5 percent, Mountain-Shirvan - 105.8 million manat at a rate of 23.7 percent, Ganja-Gazakh - 335.3 million manat - 22.3 percent, Guba-Khachmaz - 109.6 million manat - 22.6 percent, Lankaran - 281.3 million manat - 23.6 percent, Sheki-Zagatala - 170.3 million manat - 20.4 percent, Upper Karabakh - 67.5 million manat - 19.7 percent , Kalbajar-Lachin - 24.54 million manat - 24.9 percent, Nakhchivan - 104.65 million manat - 13.2 percent.
As of July 1, 2014, the Azerbaijani banks reduced interest rates on loans in local currency but increased them in foreign currency compared to July 1, 2013.
The average rate on bank lending to the economy in national currency totaled 14.13 percent, compared to 14.21 percent as of July 1, 2013, according to a statistics report from the Central Bank of Azerbaijan (CBA). The average rate on bank lending in freely convertible currency was 14.84 percent compared to 14.71 percent in early July 2013.
As of July 1, 2014, the average rate on bank lending to legal entities in national currency amounted to 10.89 percent compared to 11.60 percent as of July 1, 2013. The average rate on bank lending of corporate clients in freely convertible currency was 10.53 percent compared to 11.18 percent in early July 2013.
As of July 1, 2014, the average rate on bank lending to physical entities in national currency was 18.04 percent compared to 18.05 percent as of early July 1, 2013. The average rate on bank loans to individual customers in freely convertible currency was 21.43 percent compared to 21.47 percent in early July 2013.
Mortgage lending
The authorized banks issued 17,931 mortgage loans since the beginning of the Azerbaijan Mortgage Fund (AMF) activity under the Central Bank.
Some 2,900 loans were issued as part of the social mortgage.
The table presents data on the number of refinanced mortgage loans issued by TOP 10 Azerbaijani banks in the second quarter of this year.
|
Name of the bank: |
Number of loans: |
|
AG Bank |
1160 |
|
Xalq Bank |
1134 |
|
Bank Standard |
1122 |
|
Demirbank |
1034 |
|
Zaminbank |
975 |
|
Muganbank |
947 |
|
Bank Technique |
879 |
|
Unibank |
774 |
|
Bank Respublika |
752 |
|
Nikoil |
589 |
|
Total: |
9366 |
More than 10,000 loans were issued to residents of Baku, 1,216 loans - Sumgayit, 603 - Absheron etc. Some 81.9 percent of borrowers are men, 18.1 percent - are women. Some 67.3 percent of mortgage recipients have families.
The average monthly income of 35.9 percent of borrowers is more than 1,100 manat, 21.7 percent varies within 700-900 manat, 18.8 percent - 500-700 manat, 16.6 percent - 900-1,100 manat, 6.1 percent - 300-500 manat, 0.9 percent - less than 300 manat.
The total number of borrowers who received mortgage loans is 17,931 people.
Some 38.9 percent of the total amount of loans issued through the AMF fall to the people employed in the public sector.
The employees of private enterprises and firms (22.7 percent) ranked second. The same number of mortgage loans (22.1 percent of the total volume) was issued to the employees of the financial sector. Some 16.2 percent of the mortgaged property falls to the citizens employed in the oil sector.
Some 186 million manat was allocated from the state budget to finance social mortgage. As of July 1, 2014, some 2,900 loans worth 101.6 million manat were issued on preferential terms.
As of July 1, 2014, loans worth 385.84 million manat were issued through the AMF as part of conventional mortgage. Conventional mortgage is given from the funds raised as a result of the placement of mortgage bonds.
Currently, the maximum amount of a common mortgage loan through the AMF is 50,000 manat at a rate of eight percent with a payback period of 25 years. Terms under the social mortgage are 50,000 manat at an annual rate of four percent with a payback period of 30 years. The initial payment under a social mortgage is 15 percent, whilst a conventional loan is 20 percent.
Conditions of mortgage lending are as follows. Loans must be issued in Azerbaijani manats and only to Azerbaijani citizens and the mortgage can only be for an apartment or private house. The volume of mortgage lending must not exceed 80 percent of the market price and the monthly payment must not exceed 70 percent of the debtor's monthly income. It is compulsory to have an agreement on life insurance.
Preferential conditions are granted to family members of war victims, national heroes, internally displaced persons, civil servants with at least a three years' experience, PhDs and those making special contributions to sport as well as to the military with at least a three-year service term. Each family having the right to such a mortgage can only use the opportunity once.
At present, some 31 banks are the authorized banks of the Mortgage Fund. Some 21 insurance companies and 14 appraisal organizations are the participants of the mortgage market.
Azerbaijan's banking sector
A decrease in the deposit base of Azerbaijani banks in April this year was not systemic and this was compensated in the subsequent months. The Central Bank reports that the economic cycles, seasonal factors and the activity of investors, dictated by a variety of causes affect the dynamics of deposits.
As of January-June 2014, the depositary base of Azerbaijani banks increased by 12.15 percent and 22.73 percent per annum, according to the Azerbaijani Central Bank's report as of January-June, 2014.
As of July 1, 2014, the total amount of bank deposits and deposits of physical and legal entities totalled 13.991.4 billion manat, compared to 11.399.9 billion manat as of early July 2013, according to the CBA.
Around 7.083.9 billion manat fell to cash in manats, of which 2.416.5 billion manat were demand deposits and 4.667.4 billion manat - term deposits. The funds in foreign currency amounted to 6.907.5 billion manat (1.492 billion manat and 5.415.5 billion manat, respectively).
The deposits of physical entities increased by 13.5 percent, while the volume of legal entities' deposits by 32.7 percent compared to January-June 2013. These indices increased by 5.1 percent during January-June and by 19.6 percent respectively.
As of January-June 2014, the volume of physical entities' deposits in the banks amounted 6.720.6 billion manat compared to 5.922.2 billion manat in January-June 2013.
Around 4.198.3 billion manat (62.5 percent) of the population's funds were placed in the national currency, the manat, while 2.522.4 billion manat in freely convertible currency, according to the Central Bank. The Azerbaijani population's deposits in the national currency in the banks have prevailed over those in foreign currency since 2012.
The deposits of the population, being one of the most important signs of confidence in the banking system, also play a significant role as resources for the banks' normal activity.
The population's deposits drawn to Azerbaijan's banking system from regions (excluding Baku) amounted to 514.6 million manat or 7.66 percent of the total volume of bank deposits in January-June 2014.
The volume of deposits throughout Baku amounted to 6.205 billion manat, while some 3.803.1 billion manat fell to the deposits in national currency, according to the statistics report of Azerbaijani Central Bank. The average interest rate in the country is 8.1 percent, while in Baku - 8.2 percent during the reporting period.
Thus, Baku remains a leader for attraction of population's deposits by banks.
Absheron economic region is a leader among regions for attracting population's deposits (163.9 million manat, average rate - 8.6 percent per annum).
The volume of deposits in Aran economic region amounted to 153.3 million manat with the average rate of 7.5 percent, Mountain-Shirvan - 14.1 million manat, at the average rate of 6.4 percent, Ganja-Gazakh - 57.15 million manat, at a rate of 6.1 percent, Guba-Khachmaz - 20.2 million manat, at a rate of 6.6 percent, Lankaran - 43.5 million manat - the rate of 7.5 percent, Sheki-Zagatala - 21.5 million manat - the rate of 5.9 percent, Upper Karabakh - 14.3 million manat - 3.9 percent, Kalbajar-Lachin - 7.5 million manat - 4.7 percent, Nakhchivan - 19.2 million manat, at the average rate of 4.4 percent.
As of January-June 2014, the volume of deposits of financial organizations amounted to 4.091.4 billion manat compared to 2.827.2 billion manat as of January-June 2013. The volume of deposits of non-financial organizations totalled 3.179.4 billion manat compared to 2.650.5 billion manat as of January-June 2013.
The deposits of legal entities totalled 7.270.8 billion manat compared to 5.477.7 billion manat as of January-June 2013.
As of July 1, 2014, Azerbaijani banks reduced the rate on deposits in manat and in freely convertible currency, according to the Azerbaijani Central Bank's statistics report.
The average rate on deposits in manat as of July 1, 2014 was 9.01 percent compared to 9.57 percent as of July 1, 2013, according to CBA data. The average rate on deposits in foreign currency amounted to 9.50 percent compared to 10.11 percent as of early July 2013.
As of July 1, 2014, the average rate on physical entities' deposits in manat was 9.45 percent compared to 10.05 percent as of July 1, 2013. The average rate on individual clients' deposits in foreign currency amounted to 10.06 percent compared to 10.58 percent as of early July 2013.
As of early July 2014, the average rate on legal entities' deposits in manat was 5.70 percent compared to 5.14 percent as of July 1, 2013, according to the CBA report. The average rate on corporate clients' deposits in foreign currency was 3.69 percent compared to 3.77 percent as of early July 2013.
Banks' financial activity
Some 44 banks operated in Azerbaijan as of the second quarter of 2014, namely, 42 commercial banks and one state bank. The number of banks with foreign capital is 22. The share of foreign capital in seven of these banks is from 50 to 100 percent, while up to 50 percent in 13 banks. There are also two local branches of foreign banks.
There were 46 banks in Azerbaijan in 2008 and 2009. Their number increased up to 47 in early 2010. Their number reduced up to 45 in the last quarter of the year. The number of operating banks reduced to 44 in early 2011. Some 43 banks have been operating in country since the third quarter of 2012. The number has been brought to 44 since May of 2014 in connection with the restoration of the license of one of the liquidated banks [Kauthar Bank].
The banks with foreign share control 54 percent of the assets of the entire banking system of Azerbaijan. According to the CBA, the number of banks with a foreign share in the country is 22, their share in the capital base of the banking sector reaches 67 percent. The share of foreign capital exceeds 50 percent in 13 banks.
Traditionally, the country's banking sector is open to a foreign share. Azerbaijan is one of few countries without such regulatory obstacles. So, the representative offices of such banks as Commerzbank, Citi bank, Societe Generale and Russian Agricultural Bank operate in the country.
The total profit of Azerbaijan's lucrative banks exceeds the total loss of unprofitable banks by 6.8 times as of June 2014, Central Bank of Azerbaijan (CBA) said in its report.
The profit of 36 banks was 235.06 million AZN, while the loss of eight banks stood at 34.34 million AZN, according to the report. This allowed the banking system to earn 200.72 million AZN of net profit.
The number of profitable banks has decreased by four units in June 2014, compared to the same month of 2013, while the total profit of this sector grew by 39.9 percent. The number of unprofitable banks has increased from three to eight, while their total loss grew by six times.
|
Periods |
Number of profitable banks |
The total profit of the banking system (profitable banks) |
Number of unprofitable banks |
The total loss of the banking system (unprofitable banks) |
Total profit (+) or loss (-) obtained by banks |
|
July 1, 2013 |
40 |
168.03 |
3 |
-5.75 |
162.28 |
|
July 1, 2014 |
36 |
235.06 |
8 |
-34.34 |
200.72 |
The capitalization of Azerbaijan's banking sector increased by 27.9 percent in June 2014 compared to June 2013 and amounted to 3.653 billion manat as of July 1, 2014.
There were 42 banks with the capital worth over 10 million manat as of the reporting period, according to the Central Bank of Azerbaijan's statistics report. This increased by 1 unit compared to late June 2013. The specific weight of this category in the total volume of capital of all the country's banks amounted to 99.7 percent as of the reporting period.
The capital of one bank ranged from five million manat to 10 million manat, the capital of other bank ranged from 3.5 million manat to five million manat. The specific weight of this category in the total volume of capital of the country's all banks amounted to 0.2 percent and 0.1 percent as of the reporting period.
The Central Bank's requirement for the minimum amount of the banks' total capital is set at the level of 50 million manat by late 2014.
As of July 1, 2014, the assets of the Azerbaijani banking sector amounted to 22.57 billion manat compared to 18.19 billion manat as of June 2013.
The bank assets increased by 24.1 percent during a year.
The basis of the assets of the banking sector (68.5 percent) accounted for loans delivered to the clients to the sum of 15.47 billion manat (23.27 percent growth during a year), investments (1.905 billion manat with a 8.44 percent weight and 21.1 percent growth during a year) and funds on correspondent accounts (1.407 billion manat).
Loans and deposits issued by the banks to the financial sector amounted to 1.167 billion manat as of June 2014.
The lion share in the structure of liabilities accounts for deposits standing at 9.554 billion manat (42.33 percent) as of July 1, 2014, showing an increase of 13.25 percent compared to the same period of 2013. Loans and deposits obtained from the financial sector amounted to 7.884 billion manat, increasing by 34.2 percent during a year.
Payment card market
The number of payment cards in Azerbaijan has increased by 5.8 percent since early 2014 and stood at 6.003 million units as of June 2014, which is 13.2 percent more than in 2013, Azerbaijani Central Bank (CBA) said in its report.
Some 4.859 million units of the total number of cards were debit cards, in particular, 2.556 million - social cards, 1.401 million - salary cards, 902,000 - other cards. The number of credit cards was 1.144 million units.
The total turnover on payment cards via ATMs and POS-terminals amounted to 5.634 billion AZN and the total number of transactions - 37.93 million units in January-June, according to the CBA report.
The number of transactions on debit cards equaled 29.93 million units worth of 4.55 million AZN.
Of the total number of transactions, around 24.18 million transactions worth of 4.11 billion AZN were implemented on debit cards via ATMs within the country, and around 1.8 million transactions worth of 285 million AZN via POS-terminals.
Some 8.005 million transactions worth of 1.087 billion AZN were made on credit cards in January-June 2014.
As many as 2.47 million transactions worth 569 million AZN, of the total number of transactions on credit cards, were implemented via ATMs and there were 3.64 million transactions worth of 240 million AZN via POS-terminals.
As of July 1, 2014, around 2,476 ATMs operated in the country, of which 1,389 are located in Baku and 1,087 in other cities and regions of the country. Their total number increased by 125 units or 5.3 percent in a year (compared to early July 2013).
The number of POS-terminals amounted to 52,413 units, of which 37,079 are installed in Baku and 15,334 units in other cities and regions as of July 1, 2014.
The number of POS-terminals increased by 15,247 units or 41 percent compared to January-June 2013.
Stock market
The total turnover of transactions on all instruments on the Baku Stock Exchange (BSE) in January-June 2014 totaled 6.113 billion manat, or by 2 times more compared to the same period of 2013.
The volume of the state securities market hit 3.99 billion manat ( a 54.8 percent growth) during this period and the turnover of corporate securities market hit 2.13 billion manat (a 5.2 times growth).
Comparative table on the results of trades on corporate sector at BSE (Jan.-June 2014):
|
Market segments |
As of June 30, 2014 |
As of June 30, 2013 |
Percentage ratio |
||
|
Volume of transactions. (manat) |
Number of deals |
Volume of transactions. (manat) |
Number of deals |
||
|
Corporate bonds- (placement) |
1 018 971 876,00 |
53 |
62 905 276,60 |
47 |
1619,85% |
|
Corporate bonds - (secondary market) |
375 290 615,32 |
140 |
170 682 297,37 |
82 |
219,88% |
|
Stocks - (placement) |
731 524 208,60 |
561 |
171 970 589,10 |
189 |
425,38% |
|
Stocks -(secondary market) |
2 085 915,23 |
2167 |
4 590 768,02 |
1999 |
45,44% |
|
CS Market Total |
2 127 872 615,15 |
2921 |
410 148 931,09 |
2317 |
518,80% |
Comparative table on the results of trades on state sector at BSE (Jan.-June 2014):
|
Market segments |
As of June 30, 2014 |
As of June 30, 2013 |
Percentage ratio |
||
|
Volume of transactions (manat) |
Number of deals |
Volume of transactions (manat) |
Number of deals |
||
|
GB - (AR MF) (placement) |
47 947 792,76 |
18 |
46 627 770,64 |
29 |
102,83% |
|
GB - (AR MF) (secondary market) |
12 733 100,90 |
9 |
8 933 627,52 |
3 |
142,53% |
|
Notes (AR CB) - (placement) |
109 089 228,61 |
35 |
179 933 454,86 |
69 |
60,63% |
|
Notes (AR CB) - (secondary market) |
302 813 539,11 |
22 |
43 955 612,02 |
4 |
688,91% |
|
Repo operations |
3 512 444 638,51 |
287 |
2 295 470 977,90 |
218 |
153,02% |
|
CS Market Total |
3 985 028 299,89 |
371 |
2 574 921 443 |
323 |
154,76% |
Abbreviations:
- GB - government bonds,
- GS - government securities,
- CB - corporate bonds
- CS- corporate securities