Deposits of population saved in the “Atabank” OJSC and “Amrah Bank” OJSC which banking licenses annulled, will be fully paid without any state funds, APA-Economics reports citing Central Bank of Azerbaijan.
Note that the Central Bank of the Republic of Azerbaijan (CBA) has annulled the banking license of two banks operating in the country.
The licenses of two of those banks - “Atabank” OJSC and “Amrah Bank” OJSC have been terminated beginning from April 28, 2020, based on the decision of the management Board of the Central Bank adopted on the same day.
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