Baku / 12.09.17 / Turan: Azerbaijan"s Deposit Insurance Fund has paid compensation of 747.888 million manat to depositors of 11 bankrupt banks. The specification is as follows: Bank Standard - AZN 437 million 689 thousand (99.2% of the total amount of insured deposits, with AZN 3 million 465 thousand remaining unpaid), United Credit Bank - AZN 1 million 837 thousand (87.5%, AZN 262,448 remaining unpaid), Bank of Azerbaijan - AZN 24 million 191 thousand (97%), Gandja Bank - AZN 976,441 (94%), Tekhnika Bank - AZN 120 million 408 thousand (98.2%), Para Bank - AZN 43 million 222 thousand (98.5%), Zamin Bank - AZN 72 million 196 thousand (99.3%), Credo Bank - AZN 27 million 914 thousand (99.6%), Deka Bank - AZN 3 million 88 thousand (98.8%), Atra Bank - AZN 14 million 352 thousand (98.2%), and Gafgaz Inkishaf Bank - AZN 2 million 4 thousand (95.9%). -71D-
Finance
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The Central Bank of Azerbaijan (CBA) has issued binding orders regarding 'Unibank' and 'Rabitabank'.This is reported on the CBA website.
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Chairman of the Board of Trustees of the Mandatory Life Insurance Bureau (MLIB) Ziya Aliyev has been relieved of his post.
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‘Baku Stock Exchange’ (BSE) has published operational indices for January 2025. Last month, 10,309.1 deals worth $3,189 million were concluded at the exchange. This is up by 4.55 times and up by 3.4 times from the same period of the last year respectively.
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An auction on placement of the interest-bearing, registered, unsecured, undocumented bonds of the joint stock company ‘Ferrum Kapital’, which provides factoring services in Azerbaijan, with the code AZ2018022288 ISIN , nominal value of AZN 1 million, circulation term of 2 years, was not held at the Baku Stock Exchange (BSE). This is reported by the BSE.
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