Azerbaijan, Baku, Dec. 5 /Trend A.Akhundov/
Baku Administrative Economic Court N1 will consider the claims of the bankrupt Azerbaijan Royal Bank's creditors, the bank's liquidator - Ltd. Azerbaijan Consulting Company said on Tuesday.
The hearing aimed to approve the list of claims, adopted by the liquidator and list of rejected claims is scheduled for 11:30 on December 12.
Creditors, whose claims have been rejected, may participate in the hearing.
The license for banking activities of Royal Bank has been eliminated by the Central Bank of Azerbaijan (CBA) on July 12. On July 16, the closure of Royal Bank was officially recognized as insurance case, and moratorium was applied to fulfill its obligations to depositors.
The official exchange rate on Dec 5, is 0.7848 AZN / USD.