Over AZN 560 million compensated to depositors of 4 closed banks


November 6, Fineko/abc.az. The Azerbaijan Deposit Insurance Fund (ADIF) has paid more than AZN 562 million of compensations to 23,669 of depositors of closed AG Bank, Amrah Bank, NBC Bank and Atabank.

ABC.AZ reports with reference to the ADIF that from 16 June to 5 November 2020 the depositors of AG Bank and NBC Bank (both banks are in the process of liquidation) were compensated totally for AZN 203.1 million by ADIF agent International Bank of Azerbaijan: 4392 depositors of AG Bank were paid AZN 87.06 million and 4,057 depositors of NBC Bank over AZN 116.04 million.

From 1 June to 5 November ADIF’s other agent Kapital Bank paid AZN 359.29 million of compensations to depositors of Amrah Bank and Ata Bank: AZN 136.6 million to 5,668 depositors of Amrah Bank and AZN 222.69 million to 9,552 depositors of Atabank.