Bank Of Baku

Deposits in Azerbaijan Credit Bank will be returned to owners in accordance with legal requirements - Central Bank

Deposits in Azerbaijan Credit Bank will be returned to owners in accordance with legal requirements - Central Bank
# 16 July 2015 08:12 (UTC +04:00)

The CBA has already appointed an administrator to Azerbaijan Credit Bank OJSC, Rustamov said.

 

“For the CBA, the main thing is the protection of deposits. To than end, the Deposit Insurance Fund operates under the CBA. However, according to preliminary analysis, the bank, the license of which was cancelled, has enough money to return deposits placed. Simply, it will take some time. Because there are certain legal procedures which should be carried out,” Rustamov noted. 

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