Large compensation paid to depositors of 4 closed banks

12:31 - 23 Октябрь 2020

October 23, Fineko/ As of 22 October 2020 the Azerbaijan Deposit Insurance Fund (ADIF) paid more than AZN 546 million to 23,332 depositors of the four closed banks - AG Bank, Amrah Bank, NBC Bank and Atabank.

ABC.AZ reports with reference to the ADIF that in the period from 16 June to 22 October of 2020 the International Bank of Azerbaijan paid over AZN 195.4 million to the depositors of AG Bank and NBC Bank, which are in the process of liquidation.

Compensation for totally AZN 80.8 million was paid to 4,302 depositors of AG Bank and AZN 114.58 million to 4,014 depositors of NBC Bank.

From 1 June to 22 October, Kapital Bank paid more than AZN 350.88 million to depositors of Amrah Bank and Atabank. The amount of compensations paid to 5,641 depositors of Amrahbank reached AZN 133.59 million and to 9,375 depositors – AZN 217.29 million.