ADIF pays nearly AZN 718M in compensation to ten closed banks’

28 November 2024

ADIF pays nearly AZN 718M in compensation to ten closed banks’ customers

21:00 13 December 2016 Read: 1129

ADIF pays nearly AZN 718M in compensation to ten closed banks’ customers

Azerbaijan Deposit Insurance Fund (ADIF) paid AZN 42,907,000 to Parabank’s depositors, AZN 52,382,000 to Zaminbank’s depositors, AZN 27,764,000 to Kredobank’s depositors and AZN 3,021,000 to Dekabank’s depositors.

The Fund totally paid over AZN 126,074,000 to 4 banks’ customers.

The Fund paid AZN 14,259,000 to Atrabank’s depositors, AZN 1,943,000 to Caucasus Development Bank’s depositors. Total compensations for two banks amounted to over AZN 16,202,000.

ADIF has also paid AZN 430,277,000 in compensation to Bank Standard’s insured depositors.

Totally, ADIF has paid over AZN 717,726,000 in compensation to 10 closed banks’ customers.

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