Bank Of Baku

Royal Bank pays AZN 12.3 mln compensation to depositors

Royal Bank pays AZN 12.3 mln compensation to depositors
# 08 October 2012 09:42 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. From August 1 until October 1, 2012, the Azerbaijan Deposit Insurance Fund has paid AZN 12.262 mln to insured depositors via the agent banks.

According to information, the paid sum makes 83% of compensated deposits and 46% of total deposits.

The Fund told that, the total amount of deposits at Royal Bank was AZN 26.731 mln and AZN 14.718 mln of it will be compensated.

Remind that, agent banks in this process are – Bank Respublika, Mugan Bank and AG Bank.

Note that, license of Royal Bank was cancelled on July 12, 2012.
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