Baku / 22.09.17 / Turan: Investors of the bankrupt Bank Standard have been paid 437 million 737 thousand manat (99.2% of the total amount of insured deposits, so the remaining unpaid amount is AZN 3 million 416 thousand), the Deposit Insurance Fund reported.
In total, for 11 bankrupt banks, the Fund has paid depositors 747 million 930 thousand manat.
For other banks, the amount of payments has not changed at the moment. This includes AZN 1 million 837 thousand paid on United Credit Bank (87.5%, 262,448 manat remained unpaid), AZN 24 million 191 thousand on Bank of Azerbaijan (97%), AZN 976,441 on Gandja Bank (94%), AZN 120 million 408 thousand on Tekhnika Bank (98.2%), AZN 43 million 222 thousand on Para Bank (98.5%), AZN 72 million 196 thousand on Zamin Bank (99.3%), AZN 27 million 914 thousand on Credo Bank (99.6%), AZN 3 million 88 thousand on Deka Bank (98.8%), AZN 14 million 352 thousand on Atra Bank (98.2%), and AZN 2 million 4 thousand on Gafgaz Inkishaf Bank (95.9%). -71D-
Finance
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The Unemployment Insurance Fund (UIF) under the Ministry of Labor and Social Protection of the Population does not provide information about its investment activities, the conclusion of the Chamber of Accounts on the draft budget law for the Fund for 2025. According to the document, the draft budget does not include any indicators related to the Fund's investments or income from such activities.
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As of the end of 2023, investments of the State Social Protection Fund (SSPF) under the Ministry of Labor and Social Protection of the Population amounted to 2,515.3 million manats, the conclusion of the Chamber of Accounts on the draft budget law for the Fund for 2025.
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In Azerbaijan, approximately 6.5 billion manats will be allocated from the state budget for 2025 to implement the "Social and Economic Development Strategy for 2022-2026", the conclusion of the Chamber of Accounts on the draft law "On the State Budget for 2025." According to the document, this amount represents a 17.2% increase compared to the approved forecast for 2024.
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The Central Bank of Azerbaijan has reinstated the license for an insurance agent issued to an individual, Nabiyev Sabukhi Zakirovich, the regulator's official website reported. The announcement states that the decision was made on November 19 in accordance with the Law on Insurance Activity. The reason for the reinstatement is that the insurance broker has addressed the issues that led to the suspension of the license. Currently, there are 426 individuals and 57 legal entities holding insurance agent licenses in Azerbaijan.
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