The Deposit Insurance Fund compensated depositors of 10 closed banks 726 million 169 thousand manat, the Fund said.
Depositors of OJSC Para Bank were given 43 million 195 thousand (98.4% of the total compensation), OJSC Zamin Bank - 54 million 479 thousand (75%), OJSC Credo Bank - 27 million 771 thousand (99.9%), OJSC Deka Bank - 3 million 086 thousand (98.7%) manat compensation.
Depositors of OJSC Atra Bank received 14 million 280 thousand AZN (98.1%), OJSC Qafqaz Inkisaf Bank - 1 million 974 thousand AZN (94.4%), OJSC Bank of Azerbaijan - 24 million 161 thousand AZN (97%), OJSC Ganja Bank - 976,440 manat (94%), OJSC Tekhnika Bank - 120 million 433 thousand AZN (98.2%) compensation. Depositors of Bank Standard were paid 435 million 814 thousand manat (99%). --71D
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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