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    Depositors of 11 closed banks in Azerbaijan were paid 741,146 mln AZN

    Azerbaijan Deposit Insurance Fund (ADIF) reported

    Baku. 11 July. REPORT.AZ/ Azerbaijan Deposit Insurance Fund (ADIF) continues payment of compensation to the insured depositors of 11 commercial banks licenses have been cancelled last year.

    Report informs referring to the ADIF, currently the total amount of compensation to these banks makes 741,146 million AZN.

    So, investors of Parabank OJSC were paid 43,222 million manat, Zaminbank – 65,732 million manat, Kredobank - 27,771 million manat, Dekabank - 3,087 million manat, Atrabank - 14,35 million manat, Caucasian Development Bank – 2,004 mln. manat, Bank of Azerbaijan - 24,191 million manat, Gencebank – 976,000 manat, Texnikabank - 120,458 mln. manat, Bank Standard CJSC – 437,542 mln. manat, United Credit Bank OJSC – 1,807 mln. manat.

    The ADIF has also announced that assigned 1-year terms for payment of compensations to depositors of Bank of Azerbaijan, Ganjabank and Bank Technique expired on January 27, February 4 and February 12 correspondingly. Fulfilment rates of compensation obligations of these banks were accordingly 97%, 94% and 98.2%.

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