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Azerbaijan gets rise in insured deposits to AZN 1.5 billion

Azerbaijan gets rise in insured deposits to AZN 1.5 billion

01 February 2010 17:05 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan Deposit Insurance Fund has completed collection of the regular calendar payments for the fouth quarter from the member banks.
The Fund said collections in the three main deposit currencies respectively made AZN 711 000 in the national currency, $1.224 million in the USD and â‚¬158 000 in the euro.

The Fund has to date collected AZN 18 165 322 in calendar payments, including membership dues.

The total amount of deposits put by individuals in the member banks reached AZN 2.170 billion, including insured deposits of AZN 1 495 million and the number of insured deposit holders reached 5 077 670 people.
Azerbaijan Deposit Insurance Fund has been in operation since August 13, 2007 and has 42 bank members.

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