12:48 - 29.09.2023

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September 29, Fineko/abc.az. In order to effectively sell property belonging to banks in the process of liquidation, in the interests of banks and creditors, this property is sold in 3 ways – by open auction, directly and through e-auction portal of the Azerbaijan Deposit Insurance Fund.

ABC.AZ reports that according to the Rules of Activity of the Commission for the sale of fixed assets of banks in the process of liquidation, approved by the Protocol Decision of the ADIF Board of Trustees from May 4, 2017 #82, the form of sale of property is determined based on its value.

Thus, property worth less than 1,000 manats is put up for sale directly and on the e-auction portal of the Fund on the basis of an official appeal from citizens, and property worth more than 1,000 manats is put up for sale at an open auction.