No reason for population to withdraw deposits from International Bank of Azerbaijan – deputy minister

No reason for population to withdraw deposits from International Bank of Azerbaijan – deputy minister
  • Clock-gray 11:02
  • calendar-gray 25 May 2017

According to him, management of the IBA gave detailed information about the bank.

 

“I think is there is a need for additional explanation, they will strengthen the works in this direction. There is no problem about personal savings. As you know, all restrictions about deposit insurance were eliminated last year. All deposits are insured by the state. We are in regular contact with IBA management. If anyone applies to bank, there is not any problem for them to withdraw the deposits”.

 

“In general, there is no any reason for withdrawal of the deposits. Currently, discussions are underway on restructuring of liabilities. Processes on internal debts and personal savings are ongoing. Bank management is recommended to increase the propaganda in this direction”, Bayramov said.

 

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