Deals resumed at Organized Interbank Credit Market of Azerbaijan first time since April
Baku, Fineko/abc.az. This year’s 9th deal has been concluded at the Organized Interbank Credit Market (OICM) in Bourse E-system of Trades (BEST) of the Baku Interbank Currency Exchange (Azeri acronym: BBVB). It has become the first since 5 April.
BBVB reports that the deal was concluded in national currency on 5 July - for AZN 4 million under rate of 9% for 62 days.
As a result, today’s turnover totaled AZN 4 million versus AZN 13.9 million on 5 deals on 17 January (record of daily turnover this year). Turnover record for a day in 2010 was achieved on 1 April (AZN 17.568 million). On 19 September 2008 OICM turnover per day exceeded $27.8 million or AZN 22.959 million (the OICM entire history record), and on 1 April 2010 the record size of a deal ($20 million or AZN 16.068 million) was achieved.
OICM turnover for July 2012 still totals AZN 4 million versus lack of turnover for May and June, AZN 4 million in April, AZN 19.9 million in January 2012, AZN 12.5 million in July (last year’s best indicator for a month) , AZN 21.8 million in April 2010 (last years record), AZN 29.29 million in February 2009 (that year’s record figure), and 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 2012 still makes AZN 27.9 million versus AZN 38.97 million (on 15 deals) in 2011, AZN 71.76 million (on 33 deals) in 2010, 122.07 million on 71 deals in 2009, 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 in 2006, AZN 9.148 million on 30 deals in 2005, AZN 6.398 million on 29 deals in 2004. In 2003, OICM turnover totaled only $6,000.
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