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ADIF pays over 66% of compensations to Bank of Azerbaijan depositors

Economy Materials 6 February 2016 11:19 (UTC +04:00)
The depositors of Bank of Azerbaijan JSC have been paid compensations worth 16 million Azerbaijani manats, or over 66 percent of compensations, during the past seven days.
ADIF pays over 66% of compensations to Bank of Azerbaijan depositors

Baku, Azerbaijan, Feb. 6

By Azad Hasanli - Trend:

The depositors of Bank of Azerbaijan JSC have been paid compensations worth 16 million Azerbaijani manats, or over 66 percent of compensations, during the past seven days, said Azerbaijan Deposit Insurance Fund (ADIF).

The insured deposits of the Bank of Azerbaijan amount to 24.2 million Azerbaijani manats.

ADIF returns up to 30,000 manats for each insured deposit.

The compensation payments are carried out by the branches of Muganbank and Rabitabank, designated as the agent banks.

The payments started Jan. 29.

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Follow the author on Twitter: @AzadHasanli

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