Oct 31, 2012

Starting from August 1, 2012 Azerbaijan Deposit Insurance Fund are repaying the compensation for protected deposits to the protected depositors of “Royal Bank” JOSC by Agent Banks (“AGBank” JOSC, “Mugan Bank” JOSC, and “Bank Respublika” JOSC).

The total amount of protected deposits are 26 731 thousands of AZN, when only 14 718 thousansd of AZN of this amount will be compensated.  Till this day, 12 262 thousands of AZN of compensated deposits have been already paid to protected depositors. This amount of paid compensation is 83 percent of total compensated deposits and 46 percent of total protected deposits.

 

To inform, if all documents, needed for payment of compensatory pay-offs, are admitted in a correct form, the depositors will be compensated promptly.

Admission deadline for application forms for payment of compensatory pay-offs to the protected depositors, is July 20, 2013