ADIF pays nearly AZN 461M in compensation to ten closed banks’ customers

  19 October 2016    Read: 1044
ADIF pays nearly AZN 461M in compensation to ten closed banks’ customers
On October 18, Azerbaijan Deposit Insurance Fund paid AZN 32,820,000 to Parabank’s depositors, AZN 50,976,000 to Zaminbank’s depositors, AZN 18,070,000 to Kredobank’s depositors and AZN 2,850,000 to Dekabank’s depositors.
The Fund totally paid over AZN 104,716,000 to 4 banks’ customers.

On October 18, the Fund paid AZN 13,936,000 to Atrabank’s depositors, AZN 1,876,000 to Caucasus Development Bank’s depositors. Total compensations for two banks amounted to over AZN 15,812,000.

Agent banks have paid AZN 24,091,000 in compensation to Bank of Azerbaijan’s insured depositors, AZN 969,000 to Ganjabank’s customers, AZN 119,977,000 to Texnikabank’s customers. Total compensation for three banks is valued at over AZN 145,038,000.

ADIF has also paid AZN 195,423,000 in compensation to Bank Standard’s insured depositors on October 18, 2016.

Totally, ADIF has paid more than AZN 460,889,000 in compensation to 10 closed banks’ customers.

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