Economics

Payment of compensation on Demirbank’s insured deposits to start from February 1, 2018

15:46 29-12-2017

Payment of compensation on Demirbank’s insured deposits to start from February 1, 2018

According to Board of Trustee of Azerbaijan Deposit Insurance Fund (ADIF), Kapita Bank OJSC was selected as an agent-bank for payment of compensation on Demirbank’s insured deposit. 

 

Payment of compensation on Demirbank’s insured deposits will start from February 1, 2018

 

Citizens will be provided with regular information. 

 

Starting March 2, 2016 deposits accepted by the Fund’s member banks with the annual interest rate 3 % in the foreign currency and 15 % in the national currency is fully insured for 3 ( three) years.

 

Demirbank’s licence was revoked on December 23, 2017.



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