Muğanbank started paying compensation on protected deposits

15:25 - 27.11.2023


November 27, Fineko/abc.az. The Deposit Insurance Fund has started paying compensations on protected deposits in Muğanbank OJSC, which is in the process of liquidation.

ABC.AZ reports that compensation payments are made through the branch networks of the International Bank of Azerbaijan and Kapital Bank throughout the country, selected as agent banks.

The ADIF pays compensations in accordance with Article 28.5 of the Law on Deposit Insurance, no later than 30 calendar days from the date of acceptance of depositors' applications.

 

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