Detailed Plan Prepared for Liquidation of Nine Failed Banks

The Deposit Guarantee Fund has prepared a detailed plan for the liquidation of nine failed banks – Atra Bank, Credo Bank, Bank of Azerbaijan, Gafgaz Inkishaf Bank, Tekhnika Bank, Zamin Bank, Royal Bank, Ganja Bank, and Bank Standard.

The Fund plans to send the plan to the appropriate court.

The detailed liquidation plan includes financial statements of the banks’ assets and liabilities, quarterly reports from the past and projected revenues and expenses, the report on court decisions aimed at paying the required sums and others. 71D

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