Over AZN 600 million paid to closed banks’ depositors


December 7, Fineko/abc.az. As of 4 December the Azerbaijan Deposit Insurance Fund (ADIF) paid more than AZN 604.47 million to 23,970 depositors of AG Bank, Amrah Bank, NBC Bank and Ata Bank.

ABC.AZ reports that ADIF agent International Bank of Azerbaijan paid AZN 230.18 million of compensation to depositors of AG Bank and NBC Bank, which were in the process of liquidation from June 16 to 4 December this year.

AG Bank paid AZN 107.46 million to 4,513 depositors and more than AZN 122.72 million to 4,108 depositors of NBC Bank.

From 1 June to 4 December ADIF’s agent Kapital Bank paid more than AZN 374.29 million in compensation to depositors of Amrah Bank (AZN 138.17 million to 5,706 depositors) and Ata Bank (AZN 236.12 million to 9,643 depositors).