According to him, the ADIF has been appointed as the liquidator of Bank Standard today: “We’ll engage in insurance payments and operate as a liquidator. The state tried to normalize Bank Standard, but failed. It was decided to declare the bank bankrupt to prevent more loss”.
Normalization of Bank Standard failed - ADIF Executive Director
04 October 2016
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An insurance event has occurred in Bank Standard, Executive Director of Azerbaijan Deposits Insurance Fund (ADIF) Azad Javadov said at the press conference.
