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Azerbaijan Reveals Volume Of Its Banking Operations On Bloomberg
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 21. The unsecured segment
of the interbank market saw high trading activity, with 1,041
interbank transactions totaling 42.1 billion manat ($24.7 billion)
executed on the Bloomberg trading system during the first quarter,
Trend reports, citing
the Central Bank of Azerbaijan (CBA).
According to the information, this figure is 3.1 times higher
than the result of the previous quarter. In terms of volume, 97% of
the concluded transactions were for terms of 1–3 days.
"During the reporting period, money market activity was
characterized by high operational activity among market
participants. Active demand for short-term financial resources
increased the intensity of interbank operations. Transaction
volumes expanded in both the unsecured segment and the repo
market," the report notes.
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