Depositors of Muganbank and Gunaybank, which are undergoing liquidation in Azerbaijan, have received compensation totaling approximately 200 million manats, or approximately 98% of the funds allocated for this purpose.
According to a Report correspondent in Shamakhi, Azer Amirov, Director of the Azerbaijani Deposit Insurance Fund's Legal Department, made the remark at a forum marking National Press Day.
According to him, compensation payments for insured deposits at Gunaybank are being made through one agent bank (Kapital Bank - ed.), while Muganbank is being processed through two agent banks.
($1=1.7 manats)