ADIF discloses amount of сompensations made to clients of closed banks
BAKU, Azerbaijan, Sept.22
Azerbaijan Deposit Insurance Fund (ADIF) has paid 532 million manat ($312.9 million) worth of compensations to 22,461 depositors of the Ata Bank, Amrah Bank, AG Bank, and NBC Bank, Trend reports citing ADIF.
According to the fund, 4,000 depositors of AG Bank received compensations worth 77.8 million manat ($45.7 million), 3,800 depositors of NBC Bank – 112.6 million manat ($66.2 million), 9,000 depositors of Atabank – 210.1 million manat ($123.5 million), and 5,500 depositors of Amrah Bank - 131.5 million manat ($77.3 million).
Payments of compensation to depositors of Atabank and Amrah Bank have been carrying out since June 1, 2020, and is paid in non-cash through debit cards of Kapital Bank OJSC, the ADIF noted.
The fund added that payments of compensation to depositors of AG Bank and NBC Bank began on June 16, 2020, and is paid by bank transfer via debit cards of the International Bank of Azerbaijan (IBA) OJSC.
The Central Bank of Azerbaijan (CBA) has earlier revoked the licenses of these banks.
(1 USD = 1.7 AZN on Sept. 22)