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10:12 16 July
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Demirbank’s mortgage portfolio, worth AZN 37.2 mln, transferred to 4 banks


The mortgage portfolio of Demirbank OJSC, which is being liquidated, has been transferred to 4 banks, namely Muganbank, Gunay Bank, Rabitebank and NBC Bank, the Azerbaijan Mortgage Fund told APA-Economics.

 

The volume of the transferred portfolio amounts to 37.2 million manats (1,170 debtors).

 

As previously reported, the Financial Markets Supervision Chamber decided on December 22 to revoke the license of Demirbank, which was experiencing capital-related problems.

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