Depositors of liquidated banks to get compensation starting August 1

Depositors of liquidated banks to get compensation starting August 1
# 25 July 2016 20:16 (UTC +04:00)

Baku-APA-Economics. Returning process of insured deposits of Dekabank, Kredobank, Parabank and Zaminbank depositors will start from August 1 and the depositors will be given additional information according to the article #28.1 of the law on Deposit Insurance, ADIF told APA-Economics

The insurance occurred in Dekabank, Kredobank, Parabank and Zaminbank citing to the letter # 01/10-1549, dated July 25, submitted by the Financial Market Supervisory Body

The licenses of Dekabank, Kredobank, Parabank and Zaminbank have been cancelled in Azerbaijan, according to decision of the Financial Market Supervisory Body dated July 21.

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THE OPERATION IS BEING PERFORMED