As of October 26, the Deposit Insurance Fund compensated depositors of ten closed banks 623,736,000 manat, the Fund said in a statement.
The depositors of OJSC Para Bank were issued 34 million 582 thousand, JSC Zamin Bank - 51 million 026 thousand, JSC Credo Bank - 26 million 136 thousand, JSC Deka Bank - 2 million 858 thousand, JSC Atra Bank - 14 million 140 thousand, JSC Qafqaz Inkishaf Bank - 1 million 876 thousand, JSC Bank of Azerbaijan - 24 million 117 thousand, JSC Ganja Bank - 969 thousand, JSC Tekhnika Bank - 119 million 978 thousand, and JSC Bank Standard - 348 million 048 thousand manat as compensation. ----71D
Economics
-
Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
-
Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
-
Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
-
Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
Leave a review