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ADIF Executive Director: Bank Melli Iran Baku branch to get back its deposits in closed three banks - EXCLUSIVE

Bank Melli Iran Baku branch’s deposits in closed Texnikabank, Atrabank and Zaminbank OJSCs have not been repaid yet, Executive Director of Azerbaijan Deposit Insurance Fund Azad Javadov told APA-Economics.

According to him, bank’s deposits are insured: “There will be no problem in repayment of the bank’s deposits”.

 

“These deposits will be repaid as they are insured. The deposits have been provided with collateral. These collaterals will be sold and bank’s deposits will be repaid”, Javadov said. 

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