ADIF announces volume of compensation paid to two closed banks

  08 April 2016    Read: 875
ADIF announces volume of compensation paid to two closed banks
Accepting applications of the insured depositors of Bank of Azerbaijan has started since January 29, 2016, and the payment of compensation is made since the same day.
Agent banks have paid over AZN 23,892,000 compensation to the closed Bank of Azerbaijan’s insured depositors, the Azerbaijan Deposits Insurance Fund (ADIF) reported.

Accepting applications of the insured depositors of Ganjabank has started since February 4, 2016, and the payment of compensation is made since the same day.

The insured depositors of Ganjabank have received over 866,000 manats.

The insured depositors may get application forms from ADIF office in Bulbul Avenue 40, Baku, branches of Bank of Azerbaijan, Ganjabank and agent banks and adif.az website.

The Fund receives appeals of the depositors within a year starting from the day when a notification on payment of compensations was published.

The Fund repays 100% of deposits which make no more than AZN 30,000.

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