Baku, Azerbaijan, Dec. 30
By Anvar Mammadov – Trend:
Azerbaijan Deposit Insurance Fund (ADIF) paid compensations worth about 721.67 million manats to depositors of Dekabank, Kredobank, Zaminbank, Parabank, Caucasus Development Bank, AtraBank, Bank of Azerbaijan, Ganjabank, Texnikabank and Bank Standard, ADIF said in a message Dec. 30.
Below is the list of closed banks and the volume of compensations paid as of Dec. 29:
|
Banks |
Paid compensations (million manats) |
Share of paid compensations in total volume of insured deposits (%) |
|
Bank Standard |
433.96 |
98% |
|
Zaminbank |
52.46 |
72% |
|
Dekabank |
3.02 |
96% |
|
Kredobank |
27.77 |
98% |
|
Caucasus Development Bank |
1.97 |
92% |
|
Atrabank |
14.27 |
97% |
|
Bank of Azerbaijan |
24.15 |
97% |
|
Ganjabank |
0.98 |
94% |
|
Texnikabank |
120.15 |
98% |
|
Parabank |
42.94 |
98% |
The licenses of all the 10 banks were cancelled this year as they didn’t meet the minimum capital requirement of 50 million manats.