JSC "Bank Standard" violates the right of depositors to get full deposit, reported the head of the company "depressant" Akram Hasanov. According to Hasanov, depositors of the bank appeal to him, and state that the bank lets them getting their contributions in full. At the same time, they are given the opportunity to choose one of two options: a) returns 20% of the deposit amount, the remaining amount is returned after the expiration of the new long-term contract with the depositor; b) the contribution is returned within a few years on a monthly parts.
According to the Banking Law, the contribution shall be subject to a full refund on the expiration of not more than 5 days after the treatment in the currency in which it was embedded in the bank.
The JSC "Bank Standard" has not commented on the message yet. Recently, the Chamber of supervision over financial markets indicated that recovery of the JSC "Bank Standard" continues, and it acts in a natural way. 08D
Economics
-
Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
-
Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
-
Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
-
The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
Leave a review