Azerbaijan Deposit Insurance Fund continues compensating closed banks' clients
BAKU, Azerbaijan, Nov. 3
By Zhale Qasimova - Trend:
The Azerbaijan Deposit Insurance Fund (ADIF) has paid compensations worth over 556 million manat ($327 million) to 23,606 depositors of the closed Ata Bank, Amrah Bank, AG Bank, and NBC Bank, Trend reports with reference to ADIF.
According to ADIF, 4,360 depositors of AG Bank received over 85.8 million manat ($50.4 million), 4,040 depositors of NBC Bank - 115.2 million manat ($67.7 million), 9,530 depositors of Ata Bank – 221.1 million manat ($130.5 million), 5,660 depositors of Amrah Bank - 133.8 million manat ($78.7 million).
Payments of compensation to the depositors of Ata Bank and Amrah Bank are made from June 1, 2020, and are paid in the non-cash form via debit cards of Kapital Bank OJSC.
Depositors of AG Bank and NBC Bank have been compensating since June 16, 2020, and are paid by bank transfer via debit cards of the International Bank of Azerbaijan (IBA) OJSC.
(1 USD = 1.7 manat on Nov. 2)