OREANDA-NEWS. September 5, 2011. This August the ASB bank has kept  its leader position seized in May from International Bank of Azerbaijan (IBA)  in currency trading of the Baku Interbank Stock Exchange (BBVB).  In October 2010 ASB lost leadership to IBA which kept it till May 2011.

BBVB informs that without taking into account the deals of the Central Bank of Azerbaijan (CBA) 58.48% of August currency turnover fell on the share of the ASB.

“Besides ASB, TOP 5 also included  Xalq Bank (20.94%), Bank Standard (12.59 %), Bank of Baku (2,35%) and  PASHA Bank (2.29%),” BBVB reported. Following July ASB (41.36%), Bank Standard (26.24%), Xalq Bank (17.12%), AGBank (5.73%), and UniBank (4,6%) were the leaders of the trading.

“This August in the course of 42 trading sessions the 10 participating banks concluded 25 deals for AZN 37.557 million (USD 47.755 million). Turnover on EUR/AZN for the reported period totaled AZN 1.26 million and weighed average rate of euro to AZN on this tool made up AZN 1.136.

Compared to July’s figures, for the reported month overall volume of trading in currency section decreased  by 8.387 million or by 18%..

Average daily turnover in stock exchange e-trading system on USD/AZN reached about USD 1.137 million in August , while average volume of each deal amounted to USD 1.91 million,” it was reported.

For the reported month stock exchange price of national currency on tool USD/AZN_TOD rose by 0.05% from AZN 0.7866 up to AZN 0.7862 to the US dollar.

At that, weighted average manat rate in August was AZN 0.7864 to the US dollar against AZN 0.7865 in July.