Deposit Insurance Fund Stops Meeting Requirements of Lenders of Bank Standard and Zamin Bank
Deposit Insurance Fund has stopped receiving calls from creditors of Bank Standard and Zamin Bank. DIF emphasized that the requirements of the creditors of the closed banks are accepted within 60 days after the publication in the media about the cancellation of the banking license.
The announcement of Bank Standard’s bankruptcy was published in the press on 12 October, so the creditors’ claims expired on December 12.
The claims from the lenders of Zamin Bank expired on 5 December.
Note that as of December 14, DIF returned 52 million 382 thousand manat of insured deposits (72% of the total insured deposits in the bank) to the depositors of Zamin Bank, and the depositors of Bank Standard were repaid AZN 430 million 372 thousand (97% of the total volume of deposits). --71D—
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