Baku, Azerbaijan, Jan. 25
By Maksim Tsurkov – Trend:
The Azerbaijan Deposit Insurance Fund (ADIF) will put the properties of six liquidated banks for auction February 26.
Cars that were on the balance sheet of liquidated Bank Standard, Zaminbank, Caucasus Development Bank and KredoBank, an apartment and two houses (Royalbank), 10 non-residential plots (Royalbank, Texnikabank and KredoBank) and three land plots (Texnikabank) will be put up for auction.
Six ATMs of Bank Standard and Texnikabank have been put up for auction.
The auction will be held on February 26 at 11:00 (UTC+4) in the building of the Republican Commodity Exchange at the following address: 156 I. Khidayatzade Street.
Licenses of the banks were revoked as they didn’t meet the minimum capital requirement of the Central Bank of Azerbaijan (50 million manats) and didn’t fulfill obligations to creditors.
The ADIF has been operating since August 13, 2007.
(1.7001 manats = 1 USD on Jan. 25)
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