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Totals of insured deposits in closed Azerbaijani banks unveiled

The total amount of compensated deposits of Parabank, Zaminbank, Kredobank and Dekabank makes 110.7 million AZN

Baku. 29 July. REPORT.AZ/ Total amount of compensated deposits of 4 banks - Parabank, Zaminbank, Kredobank and Dekabank, licenses of which was revoked by the Financial Markets Control Chamber, amounted to 110.714 million AZN.

Report informs, the statement of the Azerbaijani Deposit Insurance Fund (ADIF) says.

The Fund's Executive Director Azad Javadov said at a press conference last week, he said that this amount was about 127 mln. AZN. Following the clarifications, it revealed that the total amount of compensated deposits is less by 17 million AZN.

 BankTotal deposits of
physical persons  
(in mln. AZN)
Insured deposits 
(in mln. AZN)
Compensated deposits
(in mln. AZN)
Number of insured depositors
1“Parabank”87,61961,94943,78818 970
2“Zaminbank”53,63253,63136,35010 742
3“Kredobank” 30,20620,95627,7684 542
4“Dekabank” 5,5853,7672,807133

Notably, The Fund's Executive Director Azad Javadov will make a statement in connection with a difference in totals. 

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