Deposit Insurance Fund has announced the completion of the commitments of creditors' claims for three private banks, Credo Bank, Para Bank and Deka Bank.
Referring to the Fund, according to the law the liquidator takes calls from creditors to close the bank within 60 calendar days after the publication of the corresponding announcement.
Note that this declaration does not apply to insured deposits. According to the Fund as of November 21, depositors of OJSC Para Bank were issued AZN 42 million 852 thousand, JSC Credo Bank – AZN 27 million 005 thousand, and JSC Deka Bank – AZN 3 million 021 thousand as compensation. ---71D
Economics
-
The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
-
French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
-
Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
-
Azerbaijan's state oil company SOCAR announced plans on November 15 to issue green bonds in the Azerbaijani financial market to support environmentally sustainable projects.
Leave a review