Bank Of Baku

Azerbaijan extends term of full deposit insurance for 4 months

Azerbaijan extends term of full deposit insurance for 4 months
# 11 December 2020 12:24 (UTC +04:00)

Term of full deposit insurance is extended, APA reports citing amendments proposed to the law "On full deposit insurance" discussed at today's meeting of the Milli Majlis.

The law on "On full deposit insurance" came into force on March 4, 2016 and was extended twice has expired on December 4 this year. According to the project, it is proposed to extend the term of the law to the April 5 of next year.

The project was approved in the first reading through putting to the voice.

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