The Baku Stock Exchange (BSEX) announced five banks вЂ" the leading operators in Azerbaijan hard currency stock exchange market according to the results of the trades concluded in the BSEX currency section in 2007.
Trend reports quoting a press-release being spread by BSEX, that the International bank of Azerbaijan (IBA) became the leader according to the volume of currency operations. 40,55% out of the total number of all the currency operations conclude in BSEX in 2006 fall at IBA.
In accordance with the share of deals concluded by the banks-leaders in the total trade turnover in the BSEX currency section, the following banks were after IBA: the Joint-Stock Commercial AzeriGazBank (AGBank), Closed Joint-Stock Bank Kocbanbk-Azerbaycan, Azerbaycan Sanaye BankiВ" (former CIBank), and Joint-Stock Commercial TekhnikaBank. The share of AGBank in Azerbaijan's stock exchange market was 11,43%, Kocbank-Azerbaycan вЂ" 8,31%, Azerbaycan Sanaye Bank0 вЂ" 7,18%, and TekhnikaBankвЂ" 5,92%. No deals concluded by the National bank of Azerbaijan are registered in the data.
24 banks took part in trades in the BSEX currency section in January, 2007. In the reporting month, totally 26 trade sessions were organized in BEST (Bourse Electronic System of Trades). 103 were registered there. The volume of trades in the BSEX currency section in the reporting month reached 103,115 mln. AZN or $118,367 mln. As compare with the corresponding figures registered in January, 2006, the turnover of the currency section increase on 37,8 mln. AZN or by 58%.