Compensation for a large amount paid to closed banks’ depositors


December 4, Fineko/abc.az. As of 3 December the Azerbaijan Deposit Insurance Fund (ADIF) paid more than AZN 602.5 million in compensation to 23,954 depositors of AG Bank, Amrah Bank, NBC Bank and Ata Bank.

ABC.AZ reports with reference to the ADIF that from 16 June to 3 December of this year ADIF agent International Bank of Azerbaijan paid compensations in the amount of AZN 228.97 million to depositors of AG Bank (AZN 107.43 million to 4,510 depositors) and NBC Bank (over AZN 121.54 million to 4,104 depositors) that are in the process of liquidation.

ADIF’s other agent Kapital Bank paid from 1 June to 3 December more than AZN 373.52 million in compensation to depositors of Amrah Bank (AZN 138.16 million to 5,701 depositors) and Ata Bank (AZN 235.36 million to 9,639 depositors).