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) |