Bank Of Baku

Azerbaijan develops a bill for on the refund of USSR-era bank savings

Azerbaijan develops a bill for on the refund of USSR-era bank savings
# 15 September 2008 13:44 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azerbaijan is developing a bill to regulate the refund of the USSR-era lost bank savings.
Ziyad Samadzade, chairman of the parliament commission for economic policy, said that the Ministry of Finance is studying options together with Kapital Bank and other bodies.
The Soviet-era bank savings with the Savings Bank (present Kapital Bank) is estimated to be AZN 600-700 million ($800 million) in current terms.
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THE OPERATION IS BEING PERFORMED