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Deposit Insurance Fund can attract funds from Central Bank of Azerbaijan

Bank of Azerbaijan, Gence Bank and United Credit Bank planned to pay 29 mln AZN for insured deposits

Baku. 3 February. REPORT.AZ/ Deposit Insurance Fund plans to pay compensation of 28.8 mln AZN for insured deposits of Bank of Azerbaijan, Gencebank and United Credit Bank.

Report informs Executive Director of the Azerbaijan Deposit Insurance Fund (ADIF) Azad Javadov said at today's press conference.

According A. Javadov if ADIF reserves are exhausted, the Fund can attract funds from the Central Bank.

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