Depositors of 10 closed banks in Azerbaijan were paid 721 million AZN

Economic Department
Author

Baku. 23 December. REPORT.AZ/ Azerbaijan Deposit Insurance Fund (ADIF) continues payment of compensation to the insured depositors of 10 commercial banks licenses have been cancelled this year.

Report informs referring to the ADIF, currently the total amount of compensation to these banks adds up to 721,057 million AZN.

So, investors of Parabank OJSC were paid 42,914 million manat, Zaminbank - 52,421 million manat, Kredobank - 27,77 million manat, Dekabank - 3,022 million manat, Atrabank - 14,269 million manat, Caucasian Development Bank - 1,974 mln. manat, Bank of Azerbaijan - 24,148 million manat, Gencebank - 976 thousand manat, Texnikabank - 120,08 mln. manat, Bank Standard CJSC – 433,483 mln. manat.

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