Aug 14, 2013

The pay-out of compensation by agent banks to the protected depositors of “RoyalBank” JOSC where an insurance event had taken place on July 16, 2012, have been stopped by ADIF since July 23, 2013.

To the attention of all depositor of “RoyalBank” JOSC that application forms of protected depositor of “RoyalBank” JOSC are accepted only within the one year after the first publishment of news about the insurance event according to the Article 28.3 Law on Deposit Insurance.

Taking into consideration that first news about the bankruptcy of “RoyalBank” JOSC were published on July 21, 2012, Azerbaijan Deposit Insurance Fund informs you that the deadline for application forms in order to get the compensation has passed and the pay-out of compensation to the protected depositors of “RoyalBank” JOSC by agent banks (“MuganBank” JOSC, “AGBank” JOSC, and “Bank Respublika” JOSC) or their branches has been stopped by ADIF on July 23, 2013.

Depositors that have applied for the compensation after the deadline are requested to contact us from contact numbers: (012) 596 65 91/92/93 and 941 hot line or to visit our office at (40 Bul-bul., ave).

For any additional information please visit our official web site (adif.az).