The depositors of Bank Standard received compensation from the Deposit Insurance Fund in the amount of 195 million 423 thousand manat, the Fund said in a statement.
Generally the depositors of ten closed banks have been repaid 460 million 889 thousand manat.
The population's deposits in Bank Standard are 603 million AZN, of which AZN 460 million is compensated.
Deposits are returned in the same currency, in which they were made. If a person has deposits in multiple currencies, the payment is issued in AZN. Foreign currencies are converted at the exchange rate of AZN as of October 4, the day of cancellation of Bank Standard’s license.
Investors may apply for compensation until October 2017. --71D
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review