The depositors of 10 closed banks have been offset by 725 million 712 thousand manat by the Deposit Insurance Fund. The specification is as follows: Para Bank – AZN 43 million 175 thousand (98.4% of the total amount of compensation), Zamin Bank – AZN 54 million 362 thousand (75%), Credo Bank – AZN 27 million 771 thousand (99 9%), Deka Bank – AZN 3 million 086 thousand (98.7%),
Atra Bank – AZN 14 million 280 thousand (98.1%), Qafqaz Inkishaf Bank – AZN 1 million 974 thousand (94.4%), Bank of Azerbaijan – AZN 24 million 161 thousand (97%), Ganja Bank – AZN 976 thousand 440 (94%), Tekhnika Bank – AZN 120 million 433 thousand (98.2%), and Bank Standard – AZN 435 million 489 thousand (99%). ----71D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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