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Depositors of Bank of Azerbaijan, Ganjabank and United Credit Bank to get back totally AZN 28.8M

Depositors of Bank of Azerbaijan, Ganjabank and United Credit Bank to get back totally AZN 28.8M

03 February 2016 10:41 (UTC +04:00)

According to him, the Fund has AZN 132M and this is sufficient for paying compensations: “The Fund will have AZN 107M after paying compensations to Bank of Azerbaijan, AZN 105M after paying to Ganjabank and AZN 103M after paying to United Credit Bank. Even if an insurance accident occurs in other banks, the Fund will pay AZN 118M compensation and it will have AZN 14M. Then, it will get the funds back from these banks. Insurance fees for insured depositors are paid by the banks. The fee makes 0.5%. If the Fund faces lack of funds, the fee may make 0.2%”.

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