Nearly half of bank deposits in Azerbaijan are not compensated

By the end of 2023, 88% of bank deposits in Azerbaijan are protected by the Deposit Insurance Fund. This is stated in the report on the activities of the government for last year. Thus, according to the document, just 12% of deposits were not insured. As of the reporting period, a share of compensated deposits in bank deposits made up 54%. In other words, 46% of savings, i.e. nearly half, are not compensated. Deposits in national and...

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