ADIF pays over AZN 590M in compensation to ten closed banks’ customers

  25 October 2016    Read: 968
ADIF pays over AZN 590M in compensation to ten closed banks’ customers
Azerbaijan Deposit Insurance Fund (ADIF) paid AZN 32,883,000 to Parabank’s depositors, AZN 51,022,000 to Zaminbank’s depositors, AZN 23,075,000 to Kredobank’s depositors and AZN 2,858,000 to Dekabank’s depositors.
According to ADIF, the Fund totally paid over AZN 109,838,000 to 4 banks’ customers.

The Fund paid AZN 14,110,000 to Atrabank’s depositors, AZN 1,876,000 to Caucasus Development Bank’s depositors. Total compensations for two banks amounted to over AZN 15,986,000.

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 119,978,000 to Texnikabank’s customers. Total compensation for three banks is valued at over AZN 145,038,000.

ADIF has also paid AZN 319,269,000 in compensation to Bank Standard’s insured depositors.

Totally, ADIF has paid more than AZN 590,131,000 in compensation to 10 closed banks’ customers.

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