Baku. Vahab Rzayev – APA-Economics. Board of Trustees of Azerbaijan Deposit Insurance Fund has discussed the outcomes of he first quarter. The Fund told APA-Economics that individuals’ savings rose 3.8% to AZN 5,831 mln in the July-September, 2013.
34% of total savings of the individuals is uninsured, 66% - insured savings. Compensated savings soared 5.0% to
Member-banks provide services to 54,306,497 depositors, which 4,899,375 are insured depositors.
Fund’s insurance reserves make
Remind that the upper limit of interest rate on insured savings in the member banks has been reduced to 10% since August 1. The savings with the interest rate over 10% are considered as uninsured. Fund does not pay compensate for uninsured savings. Amount of the compensation to be paid to each insured depositor for every insurance event is
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