MP`s offer: Bank executives should increase responsibility


July 3, Fineko/abc.az. Given the numerous appeals concerning the blocked deposits at NBC Bank, whose license was revoked, I’d like to note that in order to return these funds to depositors, it would be advisable to speed up legal procedures on the part of the Azerbaijan Deposit Insurance Fund.

ABC.AZ reports that the statement was made by MP Vugar Bayramov.

He noted that the Central Bank has banned accepting deposits at NBC Bank since 27 January 2020.

"Nevertheless, the Bank's management continued to accept deposits. As a result, these deposits were blocked after the Bank's bankruptcy. In general, ADIF’s position is commendable, and there is a need to return as soon as possible the currently-blocked deposits to citizens who cannot be blamed in this matter."