Azerbaijan gets rise in insured deposits

Azerbaijan gets rise in insured deposits
# 22 October 2008 10:02 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan Deposit Insurance Fund has completed collection of the regular calendar payments for the third quarter from the member banks.
The Fund said collections in the three main deposit currencies respectively made AZN 918 000 in the national currency, $911 000 million in the USD and €153 000 in the euro.
The Fund has to date collected AZN 8.897 million in calendar payments, including membership dues.
The total amount of deposits put by individuals in the member banks rose AZN 1.731 billion, including the amount of uninsured deposits increased to AZN 268 million, insured deposits rose to AZN 1.462 billion and the number of insured deposit holders reached 1 275 540 people.
Azerbaijan Deposit Insurance Fund has been in operation since August 13, 2007 and has 38 bank members.
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THE OPERATION IS BEING PERFORMED