Good news for deposit holders of liquidated banks


October 15, Fineko/abc.az. The Azerbaijan Deposit Insurance Fund (ADIF) announced compensation of creditor claims of persons with unprotected deposits in the amount of up to AZN 17,000 at Atra Bank, Royal Bank, Kredo Bank, Zamin Bank, Bank of Azerbaijan, Caucasian Development Bank, Yunayted Kredit Bank, Texnika Bank, Demir Bank and Gəncə Bank.

ABC.AZ reports that the announcement says that depositors are asked to apply with an ID to the branches of Kapital Bank.

The list of branches can be found here https://assets.adif.az/satinalma/filial.pdf.

The return of deposits will begin on 16 October.

By Elmir Murad