OREANDA-NEWS. September 03, 2010. This August, ASB Bank returned  its leader position seized in February from the International Bank of Azerbaijan (IBA) and ceded to it in July in currency trading of the Baku Interbank Stock Exchange (BBVB).

BBVB informs that without taking into account the deals of the Central Bank of Azerbaijan (CBA), 59.11% of currency turnover fell on ASB in July  2010.

“Besides ASB, TOP 5 also included the UniBank (17.69%), the  AccessBank (8.29%), the AGBank (3.87%), the YapiKredi Bank Azerbaijan (3.45%),”  BBVB reported.

In July, among the leaders were IBA (34.72%), ASB (23.23%), the Bank Respublika (2.48%), the Bank Standard (2.13%) and the AccessBank (1.88%).

“This August,  in the course of 44 trading sessions 13 participating banks concluded 35 deals for AZN 48.424 million (USD 60.186 million). Including, on tool Swap_USD/AZN_TOD_1Week turnover amounted to AZN 19.345 million or USD 24  million with weighted average rate on the toll made AZN 0.8061 to the US dollar.

Compared to this July’s figures, for the reported month overall volume of trading in currency section dropped by AZN 40.5 million or by 1.8-fold.. Average daily turnover in stock exchange electronic trading system on USD/AZN amounted to approximately USD 2.736 million, while average volume of each deal totaled USD 1.72 million,” it was informed.

Exchange rate of national currency on tool USD/AZN_TOD rose by 0.05% - from AZN 0.8035 to AZN 0.8039 to the US dollar.

Weighted average manat rate in relation to US dollar was AZN 0.8036 this August for 1 US dollar against AZN 0.8026 in July.