BBVB Decreases Commissions on Financial Instruments with Euro
Azerbaijan, Baku, 7 April / corr. Trend I. Khalilova/ Baku Inter-Bank Stock Exchange (Baki Banklararasi Valyuta Birjasi - BBVB) decreased the commission fee by 25% on EUR/AZN TOD and EUR/AZN TOM for the further development of Euro market, the Exchange reported on 7 April.
According to BBVB decision, the commission on deals struck by banks in BEST on these financial instruments will make up 0.3%. Earlier, the commission on conversion operations with Euro made up 0.04%. The new volume of commission fee will take effect from 8 April 2008.
Official notification on change of volume of commission was made to the member banks of currency section of BBVB on 3 April.
Preciously, BBVB signed documents on opening of settlement account in euros with Deutsche Bank to develop the internal market of euro. The inter-bank market of euro increased by 2.84 in 2007 as compared to 2006.
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