Bank Of Baku

Compensation in the amount of AZN 12 mln. paid depositors of Bank of Azerbaijan

Compensation in the amount of AZN 12 mln. paid depositors of Bank of Azerbaijan
# 03 February 2016 17:42 (UTC +04:00)

Baku.Musa Ahmadov -APA. Agent banks selected by the Deposit Insurance Fund continue process of paying compensation to depositors of “Bank of Azerbaijan,” the Deposit Insurance Fund told APA-Economics.

 

 Within 5 days the agent banks paid compensation of more than AZN 12 million to depositors whose documents were in order.

 

The Fund repays 100% of deposits which make no more than AZN 30,000.

 

Compensation process for insured deposits of Bank of Azerbaijan began on 29 January.

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THE OPERATION IS BEING PERFORMED