The State Deposit Insurance Fund of Azerbaijan has paid AZN 206 million of compensation to the depositors of nine closed banks, the Fund said.
According to the report by the Fund, from 1 to 23 August the depositors of Deka Bank, Credo Bank, Para Bank and Zamin Bank were paid a total of 2.4 million AZN.
The payment of compensation to the depositors of Qafqaz Inkishaf Banki and Atra Bank started on 22 August. As of August 23 the depositors of Qafqaz Inkishaf Banki were paid 140 thousand AZN, and the investors of Atra Bank were paid 317.4 manats.
The depositors of Bank of Azerbaijan were paid 24,052 manats, the depositors of Ganja Bank were paid 895,500 AZN, and those of Tekhnika Bank were paid 119.5 million AZN. -----75D
Economics
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The Azerbaijan-Pakistan Business Forum, held in Baku, showcased the growing economic ties between the two nations, as officials and business leaders discussed enhancing cooperation across key sectors. Ambassador of Pakistan to Azerbaijan, Gasim Mohiuddin, emphasized the long-standing, fraternal relations between the countries, underscoring a shared vision of progress and prosperity.
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Azerbaijan and Brazil have signed a Memorandum of Understanding (MoU) in the agricultural sector, aimed at stimulating the growth of investments and mutual trade, announced Azerbaijan’s Minister of Agriculture Majnun Mammadov on social networks.
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The Asian Development Bank (ADB) has approved a loan of USD 131.5 million to enhance a crucial segment of the North–South Corridor in Azerbaijan, aiming to bolster regional connectivity and strengthen Azerbaijan’s strategic position as a key transport hub between Europe and Asia. The total cost of the project is estimated at USD 160.5 million, with the Government of Azerbaijan contributing USD 29 million.
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The IV meeting of the heads of Energy Ministers from member states and observers of the Organization of Turkic States (OTS) concluded today with the signing of a joint communique aimed at bolstering cooperation in the energy sector. The agreement emphasizes key initiatives including the formation of an OTS Energy Coordinating Committee to streamline regional efforts on energy security and sustainable development.
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