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Azerbaijan discloses amount of debts due from liquidated banks

Finance Materials 1 June 2020 15:59 (UTC +04:00)
Azerbaijan discloses amount of debts due from liquidated banks

BAKU, Azerbaijan, June 1

By Eldar Janashvili – Trend:

The total debt of 14 Azerbaijani banks with annulled licenses in 2014-2020 amounted to 11.2 million manat ($6.59 million), Trend reports referring to the State Tax Service under the Ministry of Economy.

According to the service, the bank with the largest debt is Texnika Bank OJSC (5.3 million manat or $3.12 million), closed in 2016, and with the smallest one - Royal Bank OJSC (2,852 manat or $1,680), which was closed in 2012.

No

Bank

Debt

Year of closure

1

Royal Bank

2,852 manat ($1,680)

2012

2

Deka Bank

7,973 manat ($4,690)

2016

3

Ganja Bank

13,735 manat ($8,080)

2016

4

Evro Bank

26,313 manat ($15,480)

2015

5

Amrah Bank

41,117 manat ($24,190)

2020

6

Bank of Azerbaijan

49,337 manat ($29,020)

2016

7

Kredo Bank

78,017 manat ($45,890)

2016

8

Birlik Bank

95,580 manat ($56,220)

2011

9

AGBank

149,122 manat ($87,720)

2020

10

NBC Bank

362,990 manat ($213,520)

2020

11

Zamin Bank

491,550 manat ($289,150)

2016

12

Demir Bank

1.1 million manat ($660,000)

2017

13

Bank Standard

3.4 million manat ($2.05 million)

2016

14

Texnika Bank

5.2 million manat ($3.1 million)

2016

Total:

11.2 million manat ($6.59 million)

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