Date announced for return of deposits in banks under liquidation


August 11, Fineko/abc.az. In April and May the Central Bank of Azerbaijan made a decision to cancel the licenses of four banks - AtaBank, Amrahbank, AGBank and NBCBank due to problems with capital and low solvency. All the four banks were declared bankrupt and the process of their liquidation began. The Azerbaijan Deposit Insurance Fund (ADIF) is the liquidator of banks.

The Constitutional Court of Azerbaijan decided that these deposits are considered insured and are subject to compensation.

ABC.AZ reports with reference to the ADIF that the return of those deposits will begin on 14 August 2020.