Baku, Azerbaijan, Feb. 4
By Anvar Mammadov - Trend:
The depositors of Bank of Azerbaijan OJSC, which went bankrupt, have received compensation in the amount of over 12 million manats (AZN) within five days, the message of the Azerbaijani Deposit Insurance Fund said (ADIF).
The official exchange rate on February 4 is 1.5858 AZN/USD.
Payments are made in the branches of Azerbaijan's Muganbank and Rabitabank, which were appointed agent banks.
Accepting applications of the insured depositors of Bank of Azerbaijan has started since January 29, 2016, and the payment of compensation is made since the same day.
The size of the insured deposits in this bank is 24.2 million manats.
The fund returns up to 30,000 manats for each insured deposit.