Baku, Azerbaijan, Feb. 8
By Anvar Mammadov - Trend:
The Azerbaijan Deposit Insurance Fund (ADIF) continues the analysis of customer accounts of the country's Texnikabank OJSC, head of the fund Azad Javadov told reporters Feb. 8.
Texnikabank's license was cancelled by the Central Bank of Azerbaijan. This decision was made because the total capital of the bank didn't correspond to the CBA minimum requirement of 50 million manats.
Javadov said that according to preliminary data, compensation totaling 79.34 million manats on 66,000 deposits will be paid.
Javadov noted that the depositors of Texnikabank will be able to receive compensations in four agent banks.
"As is known, of Texnikabank is the largest of the liquidated banks," he said. "So the analysis of its accounts may take more time. Regarding the agent banks, we plan to attract Muganbank, Rabitabank, Unibank and Kapital Bank as such."
Texnikabank has been operating in Azerbaijan since 1994 (previously - Rashadbank).