Azerbaijan's President Ilham Aliyev signed a decree to approve the amendments to the law 'On the Central Bank of Azerbaijan' for increasing the bank's authorized capital to 500 million manats in November.
Currently, the authorized capital of the Central Bank (CBA) is 10 million manat.
The bank's capital is formed by the authorized capital and capital reserves. The capital reserves shouldn't be less than the authorized capital of CBA and are formed by deductions from the profit of the fiscal year.
In accordance with the decree, the Cabinet of Ministers has been instructed to work out proposals within three days on bringing Azerbaijan's law, president's acts and the legal acts of the Cabinet of Ministers into line with the amendments to the law 'On the Central Bank of Azerbaijan'.
The foreign exchange reserves owned by the CBA decreased by $589 million (8.62 percent) up to $6.246 billion in November 2015 compared to October.
CBA's foreign exchange reserves have declined by $7.513 billion (54.6 percent) since early 2015.
The decline in the CBA foreign exchange reserves has been observed since July 2014.
Earlier, this happened slowly (around $20-50 million). But their volume has sharply reduced (more than $1 billion monthly) since December. This is associated with an increase in demand for dollar supply in the country.
However, the growth of foreign exchange reserves resumed in May-June 2015. The CBA reserves increased to $42.9 million (0.51 percent) in May compared to April, up to $8.43 billion, and by $89.4 million (1.06 percent) in June. However, after slight growth, reduction of the CBA foreign exchange reserves continued.
The foreign exchange reserves reduced due to the intervention carried out by the CBA on the foreign exchange market to keep the exchange rate of manat versus the US dollar at a stable level.
Currency market and manat rate
The CBA controlled the situation on the Azerbaijani domestic market in November and ensured a balance of supply and demand.
There were no major changes in the ratio of the manat to the US dollar in November.
At the same time, the dollar exchange rate versus the manat has gradually increased in price since early November 2015. For example, the rate was 1.0491 manat versus $1 November 2, but it reached 1.0512 manat versus $1 November 30. Thus, the dollar passed the devaluation threshold that was set February 21, 2015 at 1.05 manat versus $1. The exchange rate of manat reduced by 34 percent that day.
As the CBA conducted its exchange rate policy in November as part of the mechanism of the dual-currency basket that includes the dollar and euro, daily changes in the euro / dollar rate, which took place on the international currency market, partly affected the exchange rate of the manat.
An increase in the dollar rate versus the euro was observed on the global market in November. The reason is the information about a possible increase in the rate by the US Federal Reserve while the European Central Bank continued the monetary expansion program. The rate of manat versus the US dollar has slightly changed amid these processes.
Azerbaijani monetary market
The CBA'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.
A decrease in the foreign exchange reserves of the country, as well as the CBA decision as of February 16 about holding the exchange rate policy on the basis of the mechanism of the dual currency basket that includes the dollar and the euro, significantly affect the amount of the monetary aggregates in subsequent months.
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) decreased twofold in November 2015 compared to November 2014.
According to the CBA report as of 11 months, M2 reduced by almost 3.35 percent in November compared to the previous month.
The money supply rate (M2) amounted to 9.050 billion manat as of November 2015 compared to 9.364 billion manat as of October and 17.525 billion manat as of December 2014, according to the report.
The amount of cash money supply (M0) decreased twofold during a year and amounted to 5.177 billion manat compared to 10.318 billion manat as of late November 2014. M0 decreased by 4.65 percent in October 2015 compared to October 2014.
As of November 2015, Broad Money Supply (M3) totaled 17.444 billion manat or 19.57 percent less compared to November 2014 (21.690 billion manat) and by 0.43 percent more as of late October 2015 (17.369 billion manat).
The transaction money (M1) decreased by 45.36 percent during a year and amounted to 6.980 billion manat compared to 12.776 billion manat as of November 2014 and decreased by 3.25 percent compared to the previous month (6.980 billion manat).
Parameters of monetary market, in billion manat:
|
Volume, Jan.-Nov. 2015 |
|
|
Money mass in extensive understating (М3) |
17 444,5 |
|
Money mass on manat (М2) |
9 050 |
|
Cash in manat (М0) |
5 176,9 |
|
Non-cash in manat |
3 873,1 |
As of December 1, 2015, the bank reserves in Azerbaijan amounted to 1.258 billion manat, which is over twofold more than in the same period of 2014 (627.7 million manat).
The expanded monetary base in Azerbaijan totaled 7.002 billion manat as of Dec. 1, 2015.
In annual terms, the monetary base in Azerbaijan decreased by 39.6 percent. For comparison, as of November 2014, this figure was 11.601 billion manat. The monetary base reduced by 4.8 percent in Azerbaijan compared to October (7.355 billion manat).
As of December 1, 2015, the monetary base in manat amounted to 6.731 billion manat versus 11.520 billion manat as of December 1, 2014.
In the mentioned period, the volume of money in circulation amounted to 5.738 billion manat, while this figure was 10.956 billion manat as of Dec. 1, 2014.
The ratio of the mass of cash in circulation to the monetary base was 81.9 percent as of December 1, 2015, decreasing 13.3 percent compared to December 1, 2014.
Azerbaijan's loan market
According to the CBA, as of December 1, 2015, the banks issued loans worth 18.744 billion manat, including 10.893 billion manat (58.1 percent) in the national currency, 7.851 billion manat (41.9 percent) in foreign currency.
This ratio hit 73 and 27 percent in January 2015, but 60 and 40 percent accordingly in January-February, 59.17 и 40.83 percent accordingly in the first quarter, 55.9 and 44.1 percent accordingly in the second quarter.
For comparison, the banks delivered loans worth 18.152 billion manat (around 13.392 billion manat in national currency and 4.760 billion manat in freely convertible currency) as of November 2014.
As of November 2015, the volume of overdue loans in the loan portfolio of Azerbaijani banks amounted to 1.230 billion manat, which is 5.6 percent less than in the previous month, the report said.
According to the report, their share in the loan portfolio of the banks amounted to 6.6 percent.
The volume of bad loans increased by 25.3 percent in January-November 2015 compared to the 11 months of 2014 (981.5 million manat) and 19.3 percent (1.031 billion manat) compared to early 2015.
The increase in delinquencies is observed amid an increase in the loan portfolio of banks.
The banks' lending to the economy increased by almost 3.3 percent compared to January-November 2014 and almost one percent compared to October 2015.
The statistics of overdue loans does not include similar loans of Aqrarkredit non-banking credit institution.
The volume of short-term loans amounted to 4.650 billion manat (including overdue loans worth 462 million manat) as of November 2015 compared to 3.716 billion manat (including overdue loans worth 390.2 million manat) a year earlier. The volume of short-term loans in the economy increased by 25.15 percent in a year.
The volume of long term loans amounted to 14.094 billion manat (including 767.6 million manat worth overdue loans) as of January-November 2015, compared to 14.436 billion manat (including 591.3 million manat worth overdue loans) as of November 2014. The volume of long term loans decreased by 2.4 percent in a year.
The credit portfolio of the state banks in the country hit 6.149 billion manat with the specific weight of 32.8 percent, while private banks issued loans worth around 12.030 billion manat with a specific weight of 64.2 percent.
The remaining 3 percent fell to the share of non-bank credit organizations which issued 566 million manat, according to the CBA.
Azerbaijani banks decreased the consumer lending volume up to 7.53 percent in November 2015 or by 0.4 percent less than in October.
The consumer lending volume increased by 0.03 percent during a year.
The consumer lending volumes decreased after the devaluation of the manat rate [the dollar rate increased by almost 34 percent February 21].
It increased by almost 9 percent in February. The banks reduced the consumer lending volume by 1.4 percent in March, 1.2 percent in April, 1.88 percent in May, 1.97 percent in June and 1.5 percent in July.
Nevertheless, the largest part of the total credit portfolio - 40.2 percent (as of November) accounted for the share of consumer loans.
The construction and real estate sector (14 percent or 2.63 billion manat) ranked second on the share in the total loan portfolio of banks. The trade and services (13.5 percent or 2.54 billion manat) ranked third.
Around 9.7 percent (1.8 billion manat) of the total volume of lending to the real sector of Azerbaijan was directed to the industry and production in November.
The share of transport and communication hit 5.7 percent (1.06 billion manat), agriculture and processing reached 3.3 percent (621.5 million manat), energy, chemistry, and natural resources - 1.4 percent (254.7 million manat).
The loans given to the population in Azerbaijan's districts totaled 3.18 billion manat as of January-November 2015, or 17 percent of the banks' total loan portfolio, the CBA says.
Some 26.38 percent or 839.16 million manat of this amount issued to the population in the regions of the country accounted for the foreign currency.
The loans worth 15.56 billion manat were delivered in Baku. Here the loans in national currency (manat) amounted to 8.5 billion manat (54.8 percent).
For comparison, Baku granted loans amounting to 15.11 billion manat during the same period in 2014. Some 10.99 billion manat accounted for the loans in national currency.
The average interest rate on loans throughout the country was 13.3 percent in January-November 2015, while in Baku this index stood at 11.9 percent.
The lending volume in the Absheron economic district totaled 609.05 million manat at an average rate of 18.4 percent.
In other economic districts the lending index was as follows: Aran - 811.57 million manat at a rate of 22.6 percent, Mountainous Shirvan - 110.41 million manat at a rate of 22.1 percent, Ganja-Gazakh - 730.52 million manat at a rate of 18.5 percent, Guba-Khachmaz - 228.34 million manat at a rate of 21.3 percent, Lankaran - 270.49 million manat at a rate of 23.5 percent, Shaki-Zagatala - 211.25 million manat at a rate of 21.3 percent, the Upper Karabakh - 66.36 million manat at a rate of 20.0 percent, Kalbajar-Lachin - 6.06 million manat at a rate of 16.2 percent, Nakhchivan - 139.26 million manat at a rate of 13.7 percent.
The average interest rate on loans issued by Azerbaijani banks increased in national and foreign currency in November.
The average rate on bank lending to the Azerbaijani economy in national currency amounted to 13.76 percent in November 2015 compared to 13.23 percent in October.
The average interest rate on loans hit 13.81 percent as of early 2015.
The average rate on bank lending in freely convertible currency made up 13.74 percent in November compared to 13.24 percent in the previous month.
The average rate was 14.07 percent in early 2015.
The average rate on bank lending to the legal entities in national currency amounted to 9.92 percent compared to 9 percent in October 2015 and 9.99 percent as of early 2015.
The average rate on bank lending to the corporate clients in freely convertible currency amounted to 9.99 in November compared to 9.05 percent and 9.18 percent accordingly.
As of November, the average rate on bank lending to physical entities in national currency amounted to 17.54 percent compared to 17.68 percent in October 2015, 18.53 percent in early 2015.
The average rate on bank loans to the individual customers in freely convertible currency was 21.26 percent compared to 21.45 percent and 21.52 percent in early 2015.
Mortgage lending
The Azerbaijan Mortgage Fund (AMF) under the CBA delivered loans amounting to 90.4 million manat in January-November 2015 or 2.03 percent more than in the same period of 2014, the CBA's report said.
The loans worth 7.2 million manat were delivered through AMF in November, which is 9.1 percent more than in November 2014.
The total amount of refinancing the loans issued by the banks earlier amounted to 103.1 million manat in November 2015.
Some 45.5 million manat of 50 million manat envisaged for 2014 have been allocated for social mortgage since early 2015. Some 3.9 million manat were transferred from the state budget to the AMF in October 2015.
The average amount issued by AMF authorized banks is 40.834 manat (this figure amounted to 40.114 manat in November 2014), the average term of loan issue - 280 months (279 months), the average interest rate is 6.71 percent (versus 6.81 percent in 2014), and the average monthly payment is 297.1 manat (331.6 manat).
Some 17,975 mortgage loans worth 729.34 million manat have been delivered up till now through the fund, including 97.1 million manat in 2014, 112.9 million manat in 2013, 74.77 million manat - in 2012, 95.64 million manat - in 2011, 97.08 million manat - in 2010, 76.9 million manat - in 2009, 70.2 million AZN - in 2007 and 5.6 million manat - in 2006.
Currently, the maximum amount of a common mortgage loan through the AMF is 50,000 AZN at a rate of 8 percent with a payback period of 25 years. Terms under the social mortgage are 50,000 AZN at an annual rate of 4 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 AZN 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
At present, the authorized banks of the Mortgage Fund are 32 banks (some 43 banks operate in the country).
Some 21 insurance companies [their total number is 26] and 16 appraisal organizations are the participants of the mortgage market.
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 December 1, 2015, the total amount of bank deposits and deposits of physical and legal entities drawn by the credit organizations of Azerbaijan totaled 17.599 billion manat, the CBA's report says.
According to the CBA report, the deposit base of banks increased by 2.6 percent in November, by 13.9 percent since early 2015, while in annual terms - increased by 14.9 percent.
For comparison, as of November 1, 2015, the total amount of deposits in Azerbaijani banks amounted to 17.150 billion manat, as of Jan. 1 - 15.453 billion manat, as of December 1, 2015 - 15.312 billion manat.
The bank deposits have increased in Azerbaijan for the first time since March 2015. A 1-2 percent decrease in bank deposits has been observed since April 2014.
As of November 2015, the deposits in national currency - manat amounted to 4.242 billion manat, of which 1.873 billion manat - demand deposits, 2.369 billion manat - term deposits.
According to the report, during the period, the deposits in freely convertible currency amounted to 13.357 billion (3.773 billion manat - demand deposits, 9.584 billion manat - term deposits).
Thus, as of December 1, the deposits in manat hit 24.1 percent, while in foreign currency - 75.9 percent of the total deposit base of banks. For comparison, as of early 2015, some 50.1 percent was formed through manat deposits, while 49.9 percent of the banks' deposit base was formed through the deposits in foreign currency.
As of 2014, the deposits in national currency amounted to 7.743 billion manat, of which 2.734 billion manat - demand deposits, 5.009 billion manat - term deposits. The deposits in freely convertible currency amounted to 7.710 billion manat, of which 1.799 billion manat - demand deposits, 5.911 billion manat - term deposits.
The volume of the physical entities' deposits in Azerbaijani banks amounted to 7.089 billion manat. The vast majority accounted for the foreign currency deposits (76.5 percent or 5.420 billion manat.
The volume of deposits in foreign currency increased by 2.08 times (as of December 1, 2014, this figure was 2.604 billion manat) compared to November 2014, decreased by 0.52 percent (5.449 billion manat) compared to October 2014 and by 1.96 times (2.766 billion manat) compared to early 2015.
The population's bank deposits decreased by 1.16 percent compared to the previous month. They decreased by 1.38 percent as of early 2015 and increased by 0.04 percent compared to the same period of 2014.
As of November 1, 2015, the volume of the physical entities' deposits in Azerbaijani banks amounted to 5.037 billion manat compared to 4.131 billion manat as of November 2014. The volume of the non-financial organizations' deposits hit 5.473 billion manat compared to 4.094 billion manat in November 2014.
The total volume of the legal entities' deposits in the country's banks amounted to 10.509 billion manat or by 27.76 percent more than in November 2014 - 8.226 billion manat.
The population's deposits, attracted to Azerbaijan's banking system from the country's districts (except for Baku), totaled 530.58 million manat in January-November 2015, or 7.5 percent of the total bank deposits.
The volume of deposits in Baku was 6.55 billion manat, while some 1.40 billion manat accounted for the deposits in the national currency.
The foreign currency savings of the residents of Azerbaijani regions amounted to 267.2 million manat (50.35 percent of total deposits in the regions) in the reporting period.
A gradual increase in the volume of bank deposits in freely convertible currency has been observed in the regions since early 2015. Thus, the share of the population's bank deposits in freely convertible currency in Azerbaijani regions amounted to 24.2 percent in early 2015, while 49 percent in July. The share of bank deposits decreased by 4.6 percentage points in August. But it increased again by 5.9 percentage points in September and reduced by 0.97 percentage points in October.
As of November 2015, the average interest rate throughout the country hit 7.6 percent.
Thus, the Absheron economic region is still the leader on such indices as attracting the population's deposits by the banks (164.24 million manat, average rate - 8.3 percent per annum).
During this period, the volume of deposits in the Aran economic region - 84.52 million manat at a rate of 6.1 percent, Mountainous Shirvan - 13.84 million manat at a rate of 6.8 percent, Ganja-Gazakh - 120.58 million manat at a rate 7.7 percent, Guba-Khachmaz - 33.57 million manat at a rate of 6.8 percent, Lankaran - 38.54 million manat - the rate of 7.4 percent, Sheki-Zagatala - 34.21 million manat - the rate of 6.1 percent, Upper Karabakh - 16.91 million manat - 5.0 percent, Kalbajar-Lachin - 2.19 million manat - 5.2 percent, Nakhchivan - 22.94 million manat - the average rate of 4.5 percent.
The Azerbaijani banks decreased interest rates on deposits both in national and foreign currency in November 2015, the report said.
The average rate on deposits in manat made up 8.33 percent as of Dec. 1, 2015 compared to 8.46 percent as of Nov. 1, 8.86 percent as of early January.
The average rate on deposits in foreign currency amounted to 8.25 percent versus 8.51 percent as of Nov. 1, 9.24 percent as of Jan. 1, 2015.
The average rate on deposits of legal entities in manat made up 5.8 percent as of December 1, 2015 versus 5.93 percent as of November 1, 5.51 percent as of January 1, 2015.
The funds on the accounts denominated in the freely convertible currency brought legal entities 4.97 percent, 5.23 percent and six percent respectively.
As of Nov. 1, 2015, the average interest rate on deposits of physical entities in manat made up 9.33 percent, while it was 9.41 percent as of Dec. 1, 9.45 percent as of January 1, 2015.
The interest rates on deposits of physical entities in foreign currency are as follows: as of December 1, 2015 - nine percent, as of October 1 - 9.21 percent and as of January 1 - 9.78 percent.
Financial activity of banks
There are 43 banks in Azerbaijan. Two of them are state banks and 157 non-bank commercial organizations, including 109 credit unions.
According to the CBA, as of December 1, the assets of Azerbaijani banks amounted to 28.546 billion manat compared to 27.772 billion manat a month earlier. The highest volume of the bank assets in 2015 reached 29.238 billion manat as of May 1, 2015.
As of January 1, 2015, the assets of banks reached 25.182 billion manat. Their nominal growth reached 13.36 percent for 11 months of 2015.
According to the CBA, as of December 1, the capital of Azerbaijani banks amounted to 4.222 billion manat compared to 4.092 billion manat a month earlier. The highest volume of total capital of banks in 2015 reached 4.521 billion manat as of June 1, 2015.
As of January 1, 2015, the banks' capital reached 4.270 billion manat. Its nominal decline reached 1.12 percent for 11 months of 2015.
Payment card market
The total turnover on payment cards via ATMs and POS-terminals in November 2015 amounted to 976 million manat (0.11 percent less than in the same period of 2014) and the total number of transactions - 6.8 million or by 3.4 percent more during the year, according to the CBA report.
The number of transactions on debit cards equaled 5.6 million units totaling 816 million manat during the reporting period.
Of the total number of transactions, 4.2 million transactions amounting to 729 million manat were implemented on debit cards via ATMs within the country, and around 310,000 transactions amounting to 46 million manat via POS-terminals.
As much as 1.21 million transactions worth 160 million manat were made on credit cards during this period.
Of the total number of transactions on credit cards, 369,000 transactions worth 78 million manat were implemented via ATMs and there were 328,000 transactions worth of 33 million manat via POS-terminals.
The number of payment cards in Azerbaijan decreased by 4.53 percent in November 2015 and hit 5.7 million units compared to the same period of 2014.
Of the total number of cards, 4.5 million units were debit cards, in particular, 2.4 million - social cards, 1.47 million - salary cards, 669,000 - other cards. The number of credit cards was 1.08 million.
As of December 1, 2015, as many as 2,695 ATMs operated in the country of which 1,509 are located in Baku and 1,186 in other cities and regions of the country. Their total number increased by 109 units or 4.2 percent during a year compared to November 2014.
The number of POS-terminals amounted to 76,210 units of which 47,427 are installed in Baku and 28,783 units in other cities and regions as of late November 2015.
The number of POS-terminals has increased by 7,534 units or 11 percent during a year.
Stock market
The Azerbaijani State Securities Committee has introduced the minimum requirements for the authorized capital of the securities market participants.
According to the new rules, approved by the chairman of the State Securities Committee Rufat Aslanli in November, the minimum authorized capital of the stock exchange, investment fund and clearing organization (the National Depository Center) was set at one million manat, investment companies rendering additional services (Category B) - 75,000 manat , investment companies rendering main services (Category A) - 300,000 manat.
The capital of the stock exchange, the clearing organization, investment companies and funds is paid only by cash.
At the same time, the funds of the stock exchange, clearing organization, investment companies and funds received as a result of the placement of shares while forming or increasing the share capital, are kept on a special account in the banks-members of the clearing organization.
However, these funds can be stored in the banks in the form of deposits or short-term state securities before the report on the share issue is approved.
After the above-mentioned report is approved, these funds can be used only in accordance with the business plan of the stock exchange, the clearing organization, investment companies and funds.
The activity of the broker and dealer companies in Azerbaijan has been unified in accordance with the new law "On the Securities Market", which entered into force in July 2015. The investment companies will operate on the country's securities market instead of them.
The total turnover of exchange transactions on all instruments on Baku Stock Exchange exceeded 8.2 billion manat in January-November 2015 or by 27 percent less than in the same period of 2014.
The volume of state securities market totaled 20.5 million manat (decreased by 28 times), while the turnover of corporate securities market equaled 2.17 billion manat (decreased by 3.4 times) during the reporting period.
The volume of derivatives market exceeded 6 billion manat (increased by 83.3 percent).
The trade with derivatives accounted for major part (73.17 percent) of the stock market turnover.
The Baku Stock Exchange started to trade derivatives on a commodity basis on July 21, 2014.
The margin trading allows investors to buy and sell securities and financial instruments purchased from a broker under special conditions due to a temporary trading limit.
Comparative table on the results of trades on the state and corporate sectors at BSE:
|
Market segments |
Jan.-Nov. 2015 |
Jan.-Nov. 2014 |
||
|
Volume of transactions (AZN) |
Number of deals |
Volume of transactions (AZN) |
Number of deals |
|
|
I. State securities market |
20 541 583,9 |
16 |
579 304 126,56 |
115 |
|
State bonds of finance ministry |
20 541 583,9 |
16 |
98 437 376,41 |
43 |
|
Initial placement |
0 |
0 |
76 160 232,28 |
28 |
|
secondary market |
20 541 583,9 |
16 |
22 277 144,13 |
15 |
|
Notes (Central Bank) |
0 |
0 |
480 866 750,15 |
72 |
|
Initial placement |
0 |
0 |
148 062 075,7 |
45 |
|
secondary market |
0 |
0 |
332 804 674,45 |
27 |
|
II. Market of shares |
276 356 350,85 |
3 323 |
928 976 872,83 |
5 020 |
|
Initial placement |
266 703 390,35 |
111 |
923 803 088,1 |
629 |
|
secondary market |
9 652 960,5 |
3 212 |
5 173 784,73 |
4 391 |
|
III. Debt market |
1 771 817 859,25 |
625 |
2 922 068 966,96 |
396 |
|
Mortgage bonds (Initial placement) |
41 333 586 |
10 |
40 240 000 |
20 |
|
Mortgage bonds (secondary market) |
1 477 905 330,15 |
191 |
667 767 642,3 |
146 |
|
Other corporate bonds (initial placement) |
19 763 407,52 |
72 |
2 074 201 810,64 |
77 |
|
Other corporate bonds (secondary market) |
232 815 535,58 |
352 |
139 859 514,01 |
153 |
|
- including market makers |
207 864 889,8 |
256 |
87 771 481,09 |
106 |
|
IV. Repo transactions |
119 759 375 |
111 |
3 540 809 139,74 |
297 |
|
Repo transactions of the Central Bank |
32 217 600,76 |
30 |
1 803 653 833,93 |
137 |
|
Other repo transactions |
87 541 774,24 |
81 |
1 737 155 305,81 |
160 |
|
V. Derivatives market |
6 047 304 217,28 |
46 841 |
3 324 239 270,92 |
24 728 |
|
Currency |
5 953 801 019,68 |
41 641 |
2 570 868 220,88 |
22 603 |
|
goods |
93 503 197,6 |
5 200 |
753 371 050,04 |
2 125 |
|
Total |
8 235 779 386,28 |
50 916 |
11 295 398 377 |
30 556 |
The Azerbaijani National Depository Centre registered 265 stock exchange transactions for the sale and purchase of shares in the amount of nearly 118 million manat at face value in November 2015, which is 51.3 percent more than in November 2014.
Some 515 transactions worth 78.14 million manat were concluded in November 2014.
The Depository Center registered 54 off-exchange transactions in the amount of 4.7 million manat at a nominal price in the previous month. The volume of off-exchange transactions decreased by 27.7 percent compared to November 2014 (30 transactions worth 6.5 million manat).
Some 13 transactions on the additional issue worth 8.5 million (par value) were also registered. The volume of such transactions decreased by 43.3 times during a year compared to November 2014 (43 transactions worth 368.3 million manat).
The NDC was established on September 18, 1997. The founder and owner of all shares of the center is the State Property Committee of Azerbaijan. After the creation of the State Committee for Securities (SCS), the shares of NDC were transferred to its property. In this regard, the NDC was reestablished by the SCS September 8, 1999 and passed the state registration September 17, 1999.