Bank Of Baku

Insured deposits reaches 66% billion in Azerbaijan

Insured deposits reaches 66% billion in Azerbaijan
# 18 November 2010 08:35 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan Deposit Insurance Fund has completed collection of the regular calendar payments for 3rd the quarter of 2010 from the 43 member banks. The Fund said collections in the three main deposit currencies respectively made AZN 940 000 in the national currency, $1,353 million in the USD and € 180 000 in the euro.

The total amount of deposits put by individuals in the member banks reached AZN 2 707 billion, including insured deposits of AZN 1.777 billion and not insured deposits of AZN 929.956 mln and the number of insured deposit holders reached 5 293 303 people.

Azerbaijan Deposit Insurance Fund has been in operation since August 13, 2007.
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THE OPERATION IS BEING PERFORMED