JSC Caspian Development Bank (CDB or simply former Kovsar Bank) has become a member of the Azerbaijan Deposit Insurance Fund (ADIF).
According to the Fund, it is the 44th private financial structure on the roster.
JSC Caspian Development Bank was created in 1988, and in December of last year part of the bank's shareholders changed. In particular, now the major shareholder of the bank is the Azerbaijani Synergy Group founded in 2010, which is one of the largest private investment holdings in Azerbaijan. The authorized capital is 50,020,000 manat.
ADIF was created within the framework of the law "On deposit insurance" adopted December 29, 2006. It fully covers deposits up to 30 thousand manat attracted by banks at the rate of not more than 9% per annum. The main objective of the Fund is to ensure the return of bank savings to depositors in case of bankruptcy and liquidation of the bank's license to accept deposits. --17D-
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- Social
- 4 February 2015 14:23
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- Question-answer
- 4 February 2015 14:39
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Prezidentin Rusiya mediasına dedikləri, Avropa Parlamentinin qətnaməsi... - İsa Qəmbər Çətin sualda
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