Azerbaijan to start compensating on problem loans in May

12:48 - 28.03.2019


March 28, Fineko/abc.az. The Financial Market Supervision Chamber (FIMSA), which today launched a portal on specifying the details of problem loans, has stated that it will begin to give compensations by the end of April.

FIMSA spokesman Elshan Allahverdiyev says that from today banks will send SMS notifications to customers and postal operator Azerpocht will send SMS notifications to customers of non-bank credit organizations and liquidated banks.

"The process of compensation payment will start from the end of April," Allahverdiyev said.

He added that the process will cover about 1 million people, about 600,000 of whom will receive compensation.

 

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