ADIF pays over AZN 498M in compensation to ten closed banks’ customers

On October 19 Azerbaijan Deposit Insurance Fund paid AZN 32,820,000 to Parabank’s depositors, AZN 50,977,000 to Zaminbank’s depositors, AZN 18,070,000 to Kredobank’s depositors and AZN 2,876,000 to Dekabank’s depositors.

The Fund totally paid over AZN 104,743,000 to 4 banks’ customers.

On October 19, the Fund paid AZN 14,000,000 to Atrabank’s depositors, AZN 1,876,000 to Caucasus Development Bank’s depositors. Total compensations for two banks amounted to over AZN 15,876,000.

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 232,469,000 in compensation to Bank Standard’s insured depositors on October 19, 2016.

Totally, ADIF has paid more than AZN 498,126,000 in compensation to 10 closed banks’ customers