Baku / 06/22/17 / Turan: The Deposit Insurance Fund announced the beginning of compensation for uninsured deposits in Gandja Bank. Compensation will be issued in proportion to the equivalent of 70,000 manats.The bank"s license was canceled on January 28, 2016.As of June 19, 2017, the Deposit Insurance Fund compensated 976,440 manats of insured deposits, which is 94% of the total volume of insured deposits. ----71D

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