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ADIF pays nearly AZN 748M in compensation to eleven closed banks’ customers


Payment of compensations to the depositors of Atrabank and Caucasus Development Bank ended on August 22, 2017 and Azerbaijan Deposit Insurance Fund (ADIF) paid AZN 14,352,000 to Atrabank’s depositors, AZN 2,004,000 to Caucasus Development Bank’s depositors.

 

ADIF has also paid over AZN 437,689,000 in compensation to Bank Standard’s insured depositors.

 

As of August 4, the Fund paid AZN 1,837,000 in compensation to United Credit Bank’s depositors.

 

Payment of compensations to Bank of Azerbaijan’s insured depositors ended on January 27, 2017 and ADIF totally paid AZN 24,191,000 in compensation to those depositors. Moreover, payment of compensation to Ganjabank’s customers ended on February 4, 2017 and ADIF paid AZN 976,440 to those depositors. Payment of compensations to Texnikabank’s customers ended on February 12, 2017 and more than AZN 120,400,000 was paid in compensation to these depositors.

 

Payment of compensations to Parabank’s insured depositors ended on August 1, 2017 and ADIF totally paid AZN 43,222,000 in compensation to those depositors. Payment of compensation to Zaminbank’s customers ended on August 1, 2017 and ADIF paid AZN 72,196,000 to those depositors. Payment of compensations to Kredobank’s customers ended on August 1, 2017 and AZN 27,914,000 was paid in compensation to these depositors. Payment of compensations to Dekabank’s insured depositors ended on August 1, 2017 and ADIF totally paid AZN 3,088,000 in compensation to those depositors.

 

Totally, ADIF has paid over AZN 747,881,000 in compensation to 11 closed banks’ customers.

 

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