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—
Economics
-
The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
Leave a review