Legal Procedures Begin to Protect Rights of Depositors in Closed Banks - Central Bank and Deposit Insurance Fund

The Central Bank of Azerbaijan (CBA) has issued mandatory instructions to 'Cibpay', 'PulPal' and 'MAX Sistemleri Plus' in accordance with the Law on 'Payment Services and Payment Systems'.This is reported on the Central Bank's website.

Branches and outlets of banks of Azerbaijan, as well as branches of 'Azərpoçt’ company of the Ministry of Digital Development and Transport and currency exchange offices will work on non-working days from 30 December to 5 January.This was reported in the Central Bank of Azerbaijan.

Investment company 'ABB-Invest', a subsidiary of state-owned International Bank of Azerbaijan, has purchased state bonds of Turkey.This was announced by chairman of the board of the National Depository Centre (NDC) Agahuseyn Khudaverdiyev on December 28.

In January-November 2024, Azerbaijani banks concluded 3,365 deals in national currency for AZN 94.4 billion on 'Bloomberg' platform.