Deposits from AG Bank and NBC Bank to be returned soon – Date announced


June 1, Fineko/abc.az. The issue of compensation for protected deposits in closed AG Bank and NBC Bank is to begin on 16 June.

ABC.AZ reports that the statement was made by Central Bank’s chair Elman Rustamov at today’s media conference.

The chief banker noted that from this date these two banks will pay compensation for deposits of up to AZN 30,000 and from 15 July for deposits exceeding AZN 30,000.

The International Bank of Azerbaijan (IBA) has been chosen as the agent on those closed banks.