The Deposit Insurance Fund compensated the depositors of Bank Standard 261 million 259 thousand manat, according to the Fund.
The overall compensation to depositors of the 10 closed banks was 527 million 259 thousand manat.
The Fund started granting compensation to depositors of Bank Standard from 11 October. The population's deposits in the bank are 603 million manat, of which 460 million AZN is to be compensated.
Deposits in US dollars amount to 175 million and in AZN - 172 million.
Deposits are returned in the currency, in which they have been made. If one customer has deposits in different currencies, the payment shall be issued in manat, at the rate of 4 October, on the day of the cancellation of Bank Standard’s license. ----71D
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review