NBA PLANS TO TAKE MEASURES FOR ACTIVATION OICM
The National Bank of Azerbaijan plans to take measures for activation of the Organized
Inter-bank Credit Market (OICM), operating within the Stock Exchange Electronic Trades System (SEETS) of the Baku Inter-bank Currency Exchange (BICE).
For the moment NBA carries out work for activating of OICM and a number of its ideas on the issue till the year-end, NBA told Trend.
The major OICM problem at NBA was named the issue of mortgaging and disbalance in banksвЂ™ liquidity.
The OICM total circulation for 7 months of 2005 is 39,741 billion AZM on 27 transactions, which is equivalent to 124,237% of circulation for 2004 (31,988 billion AZM on 29 transactions by the average lending rate on AZM tools 11,16%, by dollar credits - 12,35%, on credit transactions in Euro - 12% annual).