Investors of the ten closed banks have received in compensation 680 million 760 thousand manat, said the Deposit Insurance Fund.
According to Turan, a little over half of that amount accounted for the depositors of Bank Standard - 394 million 613 thousand manat. Note that offset deposits in this bank are 460 million manat.
The depositors of OJSC Para Bank were issued 42 million 756 thousand, JSC Zamin Bank - 52 million 242 thousand, JSC Credo Bank - 26 million 925 thousand, JSC Deka Bank - 3 million 016 thousand, OJSC Atra Bank - 14 million 179 thousand, JSC Qafqaz Inkisaf Bank - 1 million 880 thousand, JSC Bank of Azerbaijan - 24 million 117 thousand, JSC Ganja Bank – 969,000, JSC Tekhnika Bank - 120 million AZN as compensation. -----71D
Economics
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
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