Baku / 28.12.17 / Turan: By the decision of the Baku Court of Appeal, the bankruptcy procedure for Demir Bank was started. The bank"s license was canceled on December 23.The Deposit Insurance Fund was appointed the bank's liquidator.The bank"s license was annulled by the decision of the Financial Markets Supervision Authority.According to the initial assessment, the amount of insured deposits in the bank is 63,500,000 manats. The Fund announced t...

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