Baku, Fineko/abc.az. This year’s 70th deal has been concluded today at the Organized Interbank Credit Market (OICM) in e-trading system (BEST) of the Baku Interbank Currency Exchange (BBVB). This is the second deal of December (the previous one was concluded on 24 December).

BBVB reports that the deal was concluded on 29 December in foreign currency for 98 days in the amount of $1.24 million (AZN 996,092) under annual rate of 13%. As a result, today’s market turnover totaled AZN 996,092. On 19 September 2008, OICM turnover per day exceeded $27.8 million or AZN 22.959 million (the OICM entire history record), and on 30 May 2008 the record size of a deal ($15 million or AZN 12.37 million) was achieved.

This December’s OICM turnover has totaled AZN 2.996 million versus AZN 3.7 million in November, AZN 9.225 million in October, AZN 5.748 million in September, AZN 2.206 million in August, AZN 7.024 million in July, AZN 999,999 in June, AZN 6.668 million in May, AZN 20.733 million in April, AZN 13.557 million in March, AZN 29.29 million in February and AZN 11.394 million in January 2009, AZN 41.3 million in September 2008 (record of turnover per month for five-year history of OICM), AZN 16.6 million of the 2007 turnover record in October, and AZN 4.875 million of the 2006 turnover record in December.

OICM turnover for 2009 still makes AZN 118.058 million versus AZN 251.829 million on 150 deals in 2008, AZN 57.855 million on 64 deals in 2007 under average rate of 14.49%, AZN 34.984 million on 74 deals (average rate of borrowing in manats of 13.5156%, in freely convertible currency of 12.6781%, average period of Interbank crediting in manats for 48 days, in foreign currency (EUR and USD) for 42 days) in 2006, AZN 9.148 million on 30 deals in 2005, AZN 6.398 million on 29 deals (average rate of borrowing on manat tools of 11.16%, on dollar credits 12.35%, on credit deals in euro 12% per annum) in 2004. In 2003, OICM turnover totaled only $6,000.

In 2008, the OICM deals were concluded in Azerbaijani manats, US dollars and euro, average rates on which made 14.3%, 15.4% and 14.6% respectively.

The loans at the market were extended for a wide diapason period of 1-360 days.

OICM manat turnover totaled AZN 144.2 million, dollar turnover $105.1 million, euro turnover EUR 18.5 million. Summarizing the results of 2008, manat exchange rate was AZN 0.801 to the US dollar and AZN 1.1292 to euro.

According to this rate, dollar turnover at OICM totaled AZN 84.2 million, euro turnover – AZN 20.9 million and overall turnover AZN 249.3 million.

29.12.2009 17:38