Baku. 15 July. REPORT.AZ/ In accordance with the decision of the Executive Board of the
Report informs referring to the information given by the CBAR, the decision on the cancellation of the banking license will come into effect on July 16.
According to the information, a temporary administrator appointed on July 13 by the CBAR to "Azerbaijan Credit Bank" carry out the management of the bank.
CBAR reiterates that, there is no danger for the population's deposits and cash in the "Azerbaijan Credit Bank" and the bank has sufficient liquid funds to repay. At the moment, the process of repayment of deposits began in the bank.