Bank Of Baku

Insurance reserves of Azerbaijan Deposit Insurance Fund exceed AZN 39 mln

Insurance reserves of Azerbaijan Deposit Insurance Fund exceed AZN 39 mln
# 28 October 2011 09:19 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan Deposit Insurance Fund (ADIF) collected calendar fees of the third quarter from participant banks. Calendar fees made AZN 1.308 mln, $1.453 mln or €193 thousand. Insurance reserves of the Fund, which have 43 participant banks, make 39.3 mln.

In general, total deposits of individuals at member banks make AZN 3,539 mln, as well as uninsured deposits – AZN 1,414 mln, insured deposits – AZN 2,125 mln. The number of insured depositors during the reporting period amounted to 5,542.397 people.

Note that, currently, the maximum level of insurance coverage for the deposits is AZN 30,000.
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