“The decision takes effect from February 24 2015, and starting from that date the contributions to the fund member banks at an interest rate of 12 percent will be insured,” said the message.
As of early February 2015, the insurance reserves of the fund amounted to 92 million manats.
The maximum amount of insurance coverage for deposits in Azerbaijan is 30,000 manats.
ADIF started operating on August 13, 2007. At present, 43 of the 45 banks operating in the country are members of the fund.
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