ADIF: Demirbank has sufficient funds for payment of compensations on insured deposits

ADIF: Demirbank has sufficient funds for payment of compensations on insured deposits
# 25 December 2017 12:22 (UTC +04:00)

Insured deposits of individuals placed in Demirbank will be repaid to depositors.

 

According to Azerbaijan Deposit Insurance Fund, the bank has sufficient funds for payment of compensations on insured deposits.

 

Date and place of admission of applications for payment of compensation will be publicized.  

 

Starting March 2, 2016 deposits accepted by the Fund’s member banks with the annual interest rate 3 % in the foreign currency and 15 % in the national currency is fully insured for 3 ( three) years.

 

Demirbank’s licence was revoked on December 23, 2017.

 

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THE OPERATION IS BEING PERFORMED