ADIF pays nearly AZN 407M in compensation to ten closed banks’ customers

On October 17, Azerbaijan Deposit Insurance Fund paid AZN 32,820,000 to Parabank’s depositors, AZN 50,974,000 to Zaminbank’s depositors, AZN 17,979,000 to Kredobank’s depositors and AZN 2,850,000 to Dekabank’s depositors.

The Fund totally paid AZN 104,623,000 to 4 banks’ customers.

 

On October 17, the Fund paid AZN 13,902,000 to Atrabank’s depositors, AZN 1,846,000 to Caucasus Development Bank’s depositors. Total compensations for two banks amounted to over AZN 15,748,000.

 

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 141,430,000 in compensation to Bank Standard’s insured depositors n October 17, 2016.

 

Totally, ADIF has paid AZN 406,839,000 to 10 closed banks’ customers.