About 1.4 billion manat of population's deposits insured in Azerbaijan
Azerbaijan, Baku, October 31 / Trend N. Ismayilova /
Joint deposits of physical entities in banks-members of the Azerbaijani Deposits Insurance Fund hit 1.984 billion manat as a result of three quarters. About 1.378 billion manat refer to insured deposits but 606.18 million manat - to uninsured ones, the find said.
The number of insured investors hits 4,970,119 people as of the reporting period.
The banks transfer calendar payments to the fund to the amount of 624,000 manat, $1.157 and €145,000 in the third quarter. Total sum of payments to ADIF hits 16.317 million manat given initial payments by banks-members while entering register of the fund.
ADIF launched its activity on August 13, 2008. At present, members of the fund include 42 of 46 banks operating in Azerbaijan.
On October 31, the official exchange rate is 0.8032 manat to $1.
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