Aug 14, 2013

Dear depositors,

We would like to inform you that beginning form August 1, 2013 the maximum annual percentage limit (12%) for protected deposits will be changed.

According to the Article 8.1.20 Law on Deposit Insurance the maximum annual percentage limit of protected deposits are set by Board of Custodian after discussion with Central Bank of Azerbaijan.

Percentage rate are periodically analyzed by Fund in order to stabilize the annual percentage of deposit and based on the dynamic of percentage rate it is presented to the Board of Custodians for discussion.

Looking at the statistics of the last year it was observed that the number of the deposits with the highest annual percentage limit for protected deposits has decreased.

Board of Custodian have discussed the maximum annual percentage limit of protected deposit at the meeting on July 18, 2013 and as the result of discussion the maximum annual percentage limit have been decreased from 12 % to 10 %. This Law will be applied beginning from August 1, 2013.

Attention!!! This law is not applied to the deposits that were accepted by banks before August 1, 2013.

We would like to remind you that compensation limit of protected deposits for each insurance event is 30 000 AZN.

Depositors do not pay any insurance fee.

Insurance fee are only paid by member banks.