The discount rate reduced by 0.75 percentage points and stood at 3.5 percent starting from July 30, in accordance with the decision of the management board of Azerbaijani Central Bank (CBA).
At the same time, the parameters of the interest rate corridor also changed: the corridor ceiling reduced from 6 percent to 5 percent, while the corridor floor decreased from 0.5 percent to 0.1 percent.
The reserve requirements for all deposits of the banks reduced from 3 percent to 2 percent, in accordance with the decision of the CBA management board.
"This decision was made given the low inflation level and the total demand factors that influence the growth rates of the economy, as well as to support the diversification of the national economy and increase the investment and loan activity in the real sector," the bank said.
During the meeting of the CBA management board, the participants emphasized the continuation of the dynamic development of the country's economy and added that the country's revenues and the level of well-being have increased in the first half of 2014.
"Azerbaijan maintains its position in the world economy in terms of financial sustainability of the national economy and the macroeconomic stability," CBA said.
Azerbaijan's economic growth stood at 2.1 percent and its non-oil economy grew by 7 percent in January-June.
The sources of internal development continue to play a significant role in the country's economic development, according to the Central Bank.
"During the reporting period, the average annual inflation dropped by 0.4 percentage points compared to the same period of 2013 and stood at 1.6 percent," CBA said.
As of July 31, 2014, the foreign exchange reserves held by the Central Bank of Azerbaijan amounted to $15.2 billion. The reserves increased by 0.2 percent in July. The figure has increased by 7.3 percent since early 2014, while by 18 percent per annum.
The Central Bank of Azerbaijan also restored the expansion of international reserves. In July they increased by 1.09 percent compared to June, taking into account a 6.4 percent decrease compared to May. According to the CBA, as of July 2014 its international reserves amounted to $16.8 billion compared to $16.6 billion as of June, $17.77 billion as of May and $ 17.5 billion as of April.
Currency market and AZN rate
The AZN rate has shown its stability compared to the U.S. dollar since early 2014. The AZN rate compared to the U.S. dollar appreciated by three points in January-July 2014, amounting to 0.7842 AZN per dollar as of the end of the reporting period.
The euro rate decreased by 1.73 percent compared to the AZN in January-July 2014. Thus, in January-July the exchange rate dropped from 1.0691 AZN to 1.0506 AZN per euro.
A minimum rate for the reporting period - 1,0506 EUR / AZN was recorded on July 31, a maximum rate - 1,0932 EUR / AZN was reached on March 13. The fluctuations between maximum and minimum values were 426 points.
However, it should be stressed that EUR / AZN exchange rate was characterized by strong volatility of dynamics as opposed to the dollar.
Foreign exchange market
According to the Baku Interbank Currency Exchange (BBVB), eight participating banks held 16 transactions at 42 trading sessions in Bourse E-System of Trades (BEST) in July 2014. The total trading volume in the USD / AZN (spot) currency section in the reporting month was 33.866 million AZN or $43.179 million.
The trading volume in the currency section decreased by 14 percent or by 5.505 million AZN in July compared to June. The average daily turnover in e-trading USD / AZN system was approximately $2.056 million in July, while the average amount of each transaction - $2.699 million.
The national currency exchange rate in USD / AZN_TOD in the reporting month remained unchanged - 0.7829 AZN for $1. The average rate of dollar compared to AZN was 0,7843 AZN in July 2014.
There was no trading on the interbank credit market functioning as part of BEST system in May-July 2014. The only deal (worth 2 million AZN) was held in April as in February 2014. This increased the turnover of the organized interbank credit market up to four million AZN this year. As of 2013, the trading volume on the organized interbank credit market was 21 million AZN in AZN equivalent, including two million AZN in July compared to five million AZN in May, five million in April, two million in March, two million in February and five million AZN in January 2013.
The average monthly interest rate calculated on the basis of banks-market makers' bids for BakiBOR loans for up to 90 days, amounted to 10.24 percent per annum in AZN and 10.62 percent per annum in dollars in July 2014. BakiBID rate up to 90 days was 4.93 percent per annum in AZN and 4.84 percent in dollars.
As of 2014, BBVB turnover on dollars still makes 189.684 million AZN or $236.967 (spot). As of 2013, it was 403.644 million AZN or $512.752 (spot), and taking into account the swap - 414.987 million AZN 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 20.2 percent in January -July 2014, compared to the same period of 2013, Central Bank of Azerbaijan said in its report.
The M2 amounted to over 17.438 billion AZN as of July 2014, compared to over 14.504 billion AZN as of July 2013, according to the CBA report.
The amount of cash money supply (M0) increased by 11.1 percent and stood at around 10.509 billion AZN compared to over 9.455 billion AZN as of early August 2013.
Broad Money Supply (M3) exceeded 21.225 billion AZN in January -July 2014, which is 21.7 percent more compared to the same period of 2013 ( around 17.436 billion AZN).
The transaction money (M1) increased by 13.2 percent in a year and amounted to about 13.037 billion AZN compared to some 11.515 billion AZN as of July 2013.
Parameters of monetary market, in million AZN:
|
Volume, as of Aug. 1, 2014 |
|
|
Money mass in extensive understating (М3) |
21225.4 |
|
Money mass on AZN (М2) |
17438.1 |
|
Cash in AZN (М0) |
10508.9 |
|
Non-cash in AZN |
6 929.2 |
The expanded monetary base in Azerbaijan amounted to 11.858.1 billion AZN as of August 1, 2014, according to the Azerbaijani Central Bank's statistics report.
The monetary base increased by 12.6 percent per annum, according to the report. For comparison, this figure amounted to 10.528.8 billion AZN as of July 2013.
As of August 1, 2014, the monetary base in AZN amounted to 11.736.5 billion AZN compared to 10.427.6 billion AZN as of August 1, 2013.
During the reporting period the volume of money in circulation amounted to 11.144.4 billion AZN, while as of August 1, 2013, this figure was 9.924.8 billion AZN.
The ratio of cash money mass in circulation to the monetary base amounted to 94 percent as of August 1, 2014 compared to 94.3 percent as of August 1, 2013.
In turn, bank reserves were equal to 702.1 million AZN which is 21.1 percent more than in July 2013 (579.8 million AZN).
Azerbaijan's loan market
Azerbaijani banks increased lending to the economy by 19.96 percent in January-July 2014, compared to the same period of 2013, the Azerbaijani Central Bank (CBA) said in its report.
The banks issued loans totaling 17.034 billion AZN, including over 12,467 billion AZN (73.2 percent) in national currency and 4.567 billion AZN (26.8 percent) in freely convertible currency as of Aug.1, according to the CBA report.
By comparison, the figure exceeded 14.199 billion AZN (around 10.059 billion AZN in national currency and over 4.140 billion AZN in freely convertible currency) in January-July 2013.
Of the total portfolio, loans worth 900.1 million AZN (5.3 percent) were overdue compared to 776.6 million AZN (5.5 percent) as of January-July 2013.
The statistics of overdue loans does not include similar loans of Aqrarkredit non-banking credit institution. Overdue loans increased by 15.9 percent over a year.
Short term loans amounted to about 3.559 billion AZN (including overdue loans worth 379.6 million AZN) compared to around 3.327 billion AZN (including overdue loans worth 364.4 million AZN) as of January-July 2013. The volume of short term loans in the economy increased by seven percent over a year.
The volume of long term loans exceeded 13.475 billion AZN, including 520.5 million AZN in overdue loans compared to about 10.873 billion AZN, including 412.2 million AZN of overdue loans as of July 2013. The long term loans increased by 23.9 percent over a year.
The credit portfolio of the only state bank in the country, the International Bank of Azerbaijan, exceeded 5.894 billion AZN with the specific weight of 34.6 percent, while private banks issued loans worth around 10.638 billion AZN with a specific weight of 62.4 percent.
The remaining 2.9 percent fell to the share of non-bank credit organizations. They issued 502.1 million AZN, according to the CBA.
Azerbaijani banks increased the volume of consumer lending by 28.7 percent in January-July, 2014 compared to the same period last year.
The share of consumer loans in total share of the loan investments by the banks amounted to 41 percent, or 6.986.1 billion AZN, according to the report of the Central Bank of Azerbaijan (CBA) on the results of the first half of 2014. For comparison: their share accounted for 38.2 percent, and the amount of loans - 5.427.4 billion AZN in January-July last year.
The rate of consumer lending decreased in the country after the introduction of restrictions by the regulator. If new loans in the amount of 1.110.7 billion AZN were issued within the first 7 months of 2013, it was 771.4 million AZN in January-July of the current year.
The CBA urged the country's banks to tighten control over consumer loan issuance in late 2013. The regulator sent a letter to the banks operating in the country with the instructions to stop issuing the loans if the borrower does not submit an employment certificate. The lending conditions for car purchases were also tightened, which in the experts` opinion is associated with the deterioration of the portfolio quality of the banking sector for this type of lending.
The second highest proportion in the total loan portfolio of banks is the trade and services sphere (14.4 percent, or 2.458.8 billion AZN), increasing by 13.5 percent. The third place is taken by the construction and real estate sector (13.6 percent or 2.313.9 billion AZN) the lending of which increased by 5 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 1.994.8 billion AZN. Lending to this sector increased by 45.4 percent.
In connection with the announcement of 2014 the Year of the industry, the banks also increased lending to this sector. For comparison: in January-July 2013 the share of lending to the industrial sector accounted for 9.7 percent out of total bank deposits in the country's economy.
The transport and communication share accounts for 3.4 percent (578.7 million AZN), agriculture and processing - 4.5 percent (762 million AZN), energy, chemistry, and natural resources - 1.3 percent (223.1 million AZN).
The loans, delivered to the population in Azerbaijan's regions, amounted to 2.70 billion AZN in July 2014, or 16 percent of the total loan portfolio of banks.
In Baku this figure amounted to 14.325 billion AZN, where the loans in the national currency accounted for 10.345 billion AZN. As of July 2014, the average interest rate on loans in the country was 14.3 percent, and in Baku - 13.1 percent, according to the CBA.
The crediting volume in Absheron economic region amounted to 546.14 million AZN at an average rate of 18.2 percent, in Aran - 946.9 million AZN at a rate of 21 percent, Mountain-Shirvan - 107.3 million AZN at a rate of 23.6 percent, Ganja-Gazakh - 359.26 million AZN - 22.1 percent, Guba-Khachmaz - 111.07 million AZN - 22.4 percent, Lankaran - 284.94 million AZN - 23.5 percent, Sheki-Zagatala - 154.4 million AZN - 20.4 percent, Upper Karabakh - 68.02 million AZN - 20 percent , Kalbajar-Lachin - 25.4 million AZN - 25.2 percent, Nakhchivan - 104.9 million AZN - 13.1 percent.
As of August 1, 2014, the Azerbaijani banks increased interest rates on loans in local and foreign currencies compared to August 1, 2013, the statistical report of the Central Bank of Azerbaijan said.
The average rate on bank lending to the economy of Azerbaijan in national currency amounted to 14.36 percent for the reported period compared to 14.33 percent as of August 1, 2013, the report said.
The average rate on bank lending in freely convertible currency made up 14.64 percent compared to 14.83 percent at the beginning of August 2013.
As of August 1, 2014, the average rate on bank lending to legal entities in national currency amounted to 11.09 percent versus 11.47 percent compared to August 1, 2013. The average rate on bank lending to corporate clients in freely convertible currencies amounted to 10.54 percent compared to 10.98 percent at the beginning of August 2013.
The report noted that on August 1, 2014, the average rate on bank lending to physical entities in national currency amounted to 18.49 percent compared to 18.36 percent as of August 1, 2013. The average rate on bank loans to individual customers in freely convertible currency was 21.33 percent compared to 21.86 percent at the beginning of August 2013.
Mortgage lending
Azerbaijan Mortgage Fund (AMF) under the Central Bank announced the main indices in August 2014.
As of early August, some 15,148 mortgage loans worth 604.35 million AZN were issued in the country compared to 14,902 loans worth 590.6 million AZN as of early July and 13,554 loans worth 532.5 million AZN as of early January.
In particular, some 246 loans worth 13,736,600 AZN were issued in July compared to 89 loans worth 3,894,800 AZN in June, 433 loans amounting to 18,290,400 AZN in March (the best index of the current year).
The mortgage lending on the AMF standards has started in the country since 2006.
Azerbaijan's banking sector
The economic cycles, seasonal factors and the attitude of investors, dictated by a variety of causes impact on the dynamics of deposits.
As of January-June 2014, the depositary base of Azerbaijani banks increased by 16.7 percent and 25 percent per annum, according to the Azerbaijani Central Bank's report.
As of August 1, 2014, the total amount of bank deposits and deposits of physical and legal entities totalled 14.558.1 billion AZN, compared to 11.655.1 billion AZN as of early August 2013, according to the CBA.
Around 7.355.2 billion AZN fell to cash, of which 2.579.4 billion AZN were demand deposits and 4.775.8 billion AZN - term deposits. The funds in foreign currency amounted to 7.203 billion AZN (1.794. 1 billion AZN and 5.408.9 billion AZN, respectively).
The deposits of physical entities increased by 15.3 percent, while the volume of legal entities' deposits by 35.17 percent compared to January-July 2013. These indices increased by 8.51 percent during January-July and by 25.3 percent respectively.
As of January-July 2014, the volume of physical entities' deposits in the banks amounted 6.940 billion AZN compared to 6.019.3 billion AZN in January-July 2013.
Around 4.403.6 billion AZN (63.45 percent) of the population's funds were placed in the national currency, while 2.536.4 billion AZN 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 indices of confidence in the banking system, also play a significant role as a resource for the banks to normally work.
The population's deposits, attracted by Azerbaijani banking system from the country's regions (with the exception of Baku), stood at 535.55 million AZN in Jan.-July 2014, or 7.72 percent of total bank deposits, according to a report from Azerbaijan's Central Bank (CBA).
In Baku, the deposits totalled 6.404.5 billion AZN, while some 3.991 billion AZN accounted for the deposits in national currency.
The average interest rate in the country and in Baku amounted to eight percent during the reporting period.
Thus, Baku remained a leader in terms of the deposits attracted by the banks.
Among districts, the Absheron Economic Region (171.05 million AZN, the average rate - 8.5 percent per annum) is leading in terms of attracting deposits from the population.
During this period, the volume of deposits in Aran Economic Region totalled 163.2 million AZN at an average rate of 7.4 percent, Mountainous Shirvan Region - 18.84 million AZN at a rate of 5.5 percent, Ganja-Gazakh Region - 60.34 million AZN at a rate 5.9 percent, Guba-Khachmaz Region - 16.4 million AZN at a rate of 7.2 percent, Lankaran Region - 41.8 million AZN at a rate of 7.2 percent, Shaki-Zagatala Region - 23.6 million AZN at a rate of 5.7 percent, Upper Karabakh Region - 11.4 million AZN at a rate of 4.3 percent, Kalbajar-Lachin Region - 8.4 million AZN at a rate of 4.5 percent, Nakhchivan Region - 20.53 million AZN at an average rate of 4.3 percent.
As of January-July 2014, the volume of deposits of financial organizations amounted to 4.083 billion AZN compared to 2.882.1 billion AZN as of January-July 2013. The volume of deposits of non-financial organizations totalled 3.535.1 billion AZN compared to 2.753.7 billion AZN as of January-July 2013.
The total volume of deposits of legal entities totalled 7.618.1 billion AZN compared to 5.635.8 billion AZN as of January-July 2013.
As of August 1, 2014, the Azerbaijani banks reduced interest rates on deposits both in national and in freely convertible currency, according to the Azerbaijani Central Bank (CBA) report on the results of the first seven months of 2014.
The average rate on deposits in AZN for August 1, 2014 made up 8.98 percent compared to 9.49 percent in August 1, 2013, the statistical report of the CBA said. The average rate on deposits in foreign currency amounted to 9.47 percent versus 10.04 percent in early August 2013.
As of August 1, 2014, the average interest rate on deposits of physical entities in AZN made up 9.46 percent, while on August 1, 2013, it was 9.97 percent. The average rate on deposits from individual customers in foreign currencies amounted to 10.04 percent versus 10.46 percent in early August 2013.
The average rate on deposits of legal entities in AZN made up 5.60 percent at the beginning of August this year versus 5.10 percent for August 1, 2013, the report said. The average rate on deposits from corporate clients in foreign currency amounted to 3.45 percent versus 4.16 percent in early August 2013.
Banks' financial activity
In July the Azerbaijani Ministry of Finance bought out 50 percent of AzerTurkbank JSC shares, 46 percent of the shares of the Agrarcredit non-bank credit organization and 4 percent of TuranBank JSC shares.
The bank restored its activity in Azerbaijan and launched its capitalization.
The State Committee for Securities registered the issue of "Kovsarbank" JSC shares in the total amount of 38 million AZN.
The license of Kovsarbank JSC was restored in early April. The bank's license was liquidated in late 2010 regarding non-compliance with the CBA requirement on minimum total capital, violation of the requirements of banking legislation, including non-observance of the management's activity in a safe and prudential manner.
The total profit of Azerbaijan's lucrative banks exceeds the total loss of unprofitable banks by 7.6 times as of July 2014, Central Bank of Azerbaijan (CBA) said in its report.
The profit of 36 banks was 292.82 million AZN, while the loss of eight banks stood at 38.45 million AZN, according to the report. This allowed the banking system to earn 254.37 million AZN of net profit.
The number of profitable banks remained unchanged in July 2014, compared to June, while the total profit of the sector fell by 24.6 percent. The number of unprofitable banks also remained unchanged and their total loss increased by 12 percent.
The number of profitable banks has decreased by three units in July 2014, compared to the same month of 2013, while the total profit of this sector grew by 37 percent. The number of unprofitable banks has increased from three to eight, while their total loss grew by four 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 |
|
August 1, 2013 |
39 |
213.74 |
4 |
-9.09 |
204.66 |
|
August 1, 2014 |
36 |
292.82 |
8 |
-38.45 |
254.37 |
The capitalization of Azerbaijan's banking sector increased by 23.6 percent in July 2014 compared to July 2013 and amounted to 3.705 billion AZN as of August 1, 2014, according to the Central Bank of Azerbaijan's report for the first seven months of 2014.
There were 42 banks with capital worth over 10 million AZN as of the reporting period, according to the Central Bank of Azerbaijan's statistics report. This increased by 1 unit compared to late July 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 AZN to 10 million AZN, the capital of other bank ranged from 3.5 million AZN to five million AZN. 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 AZN by late 2014.
As of Aug. 1, 2014, the assets of the Azerbaijani banking sector amounted to 23.29 billion AZN compared to 18.69 billion AZN in July 2013, according to the Central Bank of Azerbaijan's report for the first seven months of 2014.
The bank assets increased by 24.6 percent per year, according to the Central Bank of Azerbaijan's report.
The basis of the assets of the banking sector (67.5 percent) accounted for loans delivered to the clients to the sum of 15.72 billion AZN (21.4 percent growth per year), investments (1.98 billion AZN with 8.52 percent weight and 23 percent growth per year) and funds on correspondent accounts (1.74 billion AZN).
Loans and deposits to the financial sector amounted to 1.11 billion AZN as of July 2014.
The lion share in the structure of liabilities accounts for deposits standing at 10.04 billion AZN (43.1 percent) as of August 1, 2014, showing an increase of 18.3 percent compared to the same period of 2013. Loans and deposits from the financial sector amounted to 7.96 billion AZN, increasing by 30.7 percent.
There are 44 banks in Azerbaijan.
Payment card market
The Central Bank of Azerbaijan has approved the requirements for installation and operation of ATMs in the country. The relevant amendments to the rules of issuing and using the payment cards have been approved by the Board of the Central Bank on June 23, 2014.
According to the CBA requirements, at least one hidden camera allowing to clearly fix the user's face must be installed in ATMs. The fixed images must be stored for at least six months.
Moreover, an acquiring bank must install special equipment to prevent interference in the card reader on the ATM. The internal software must be protected by a licensed antivirus program.
ATMs installed in an open area, must be additionally provided with a temperature sensor and a vibration pickup. At the same time, ATMs must be illuminated with in the dark.
These changes came into force on July 1, 2014.
The number of payment cards in Azerbaijan has increased by 2.7 percent since early 2014 and hit 5.827 million units as of July 2014, according to the statistics report of the Central Bank of Azerbaijan.
Their number increased by 8.4 percent compared to January-July 2013.
Some 4.670 million units of the total number of cards were debit cards, in particular, 2.559 - social cards, 1.398 - salary cards, 713,000 - other debit cards. The number of credit cards was 1.158 million units.
The total turnover on payment cards via ATMs and POS-terminals amounted to 6.724 billion AZN and the total number of transactions to 44.826 million units in January-April, according to the report.
The number of transactions on debit cards equaled 35.285 million units to the amount of 5.423 billion AZN.
Of the total number of transactions, around 28.446 million transactions amounting to 4.901 billion AZN were implemented on debit cards via ATMs within the country, and around 2.079 million transactions amounting to 341 million AZN via POS-terminals.
Some 9.541 million transactions worth 1.300 million AZN were made on credit cards in January-July 2014.
Around 2.938 million transactions amounting to 681 million AZN of the total number of transactions on credit cards were implemented via ATMs and there were 4.300 million transactions amounting to 289 million AZN via POS-terminals.
As of August 1, 2014, around 2,493 ATMs operated in the country of which 1,399 are located in Baku and 1,094 in other cities and regions of the country. Their total number increased by 125 units or 5.3 percent per year (compared to early August 2013).
The number of POS-terminals amounted to 53,988 units of which 37,189 are installed in Baku and 16,799 units in other cities and regions as of August 1, 2014.
The number of POS-terminals increased by 17,600 units or 48.4 percent compared to January-July 2013.
Stock market
The National Depository Center with the support of the Azerbaijani State Securities Committee has introduced a new method of settlement for securities transactions concluded on the organized market since July 1.
The primary market transactions with the state securities and repo transactions will be carried out during the trading day by blocking the securities and funds before bidding. At the same time, the transactions with corporate securities on the primary and secondary markets are planned to be conducted by blocking the securities before bidding, as well as T + 1 (additional working day).
Using the new principles will create conditions to improve the calculations on the securities market, to bring them into line with international standards, to increase the volume of transactions on the market and to attract new foreign and local investors to the market.
The total turnover of transactions on all instruments on the Baku Stock Exchange (BSE) in January-July 2014 totaled 7.007 billion AZN, or by 1.95 times more compared to the same period of 2013.
The market increased by 18.5 percent during a month.
The volume of the state securities market hit 4.027 billion AZN during the reporting period and the turnover of corporate securities market hit 2.98 billion AZN (a 4.95 times growth).
Comparative table on the results of trades on corporate sector at BSE (Jan.-July 2014):
|
Market segments |
As of July 31, 2014 |
As of July 31, 2013 |
Percentage ratio |
||
|
Volume of transactions (AZN) |
Number of deals |
Volume of transactions (AZN) |
Number of deals |
||
|
SB (Finance Ministry) - (placement) |
56,757,735.96 |
22 |
60,553,101.77 |
36 |
93.73% |
|
SB (Finance Ministry) -(secondary market) |
17,745,644.13 |
13 |
12,949,227.52 |
4 |
137.04% |
|
Notes (Central Bank) - (placement) |
114,085,388.61 |
37 |
199,914,842.17 |
76 |
57.07% |
|
Notes (Central Bank) -(secondary market) |
302,813,539.11 |
22 |
43,955,612.02 |
4 |
688.91% |
|
Repo transactions |
3,535,442,985.80 |
292 |
2,667,284,090.65 |
281 |
132.55% |
|
SS market, total |
4,026,845,293.61 |
386 |
2,984,656,874 |
401 |
134.92% |
|
CB (placement) |
1,802,559,601.94 |
69 |
76,090,025.60 |
53 |
2368.98% |
|
CB (secondary market) |
416,501,051.90 |
162 |
288,221,628.62 |
105 |
144.51% |
|
Stocks (placement) |
758,607,963.50 |
568 |
223,815,589.10 |
234 |
338.94% |
|
Stocks (secondary market) |
2,949,942.13 |
2,668 |
13,771,828.28 |
2,379 |
21.42% |
|
CS Market Total |
2,980,618,559.47 |
3,467 |
601,899,071.60 |
2,771 |
495.20% |
|
Total: |
7,007,463,853.08 |
3,853 |
3,586,555,945.73 |
3,172 |
195.38% |
Abbreviations:
- SB - state bonds,
- SS - state securities,
- CB - corporate bonds
- CS- corporate securities