Over 83% of deposits returned to customers of bankrupted Royal Bank

Over 83% of deposits returned to customers of bankrupted Royal Bank

As of 1 October 2012 the depositors of the bankrupted Royal Bank received compensations in the amount of AZN 12,262,000.

According to sources in the Azerbaijan Deposit Insurance Fund, this makes over 83.3% of the total amount of payments subject to compensations which equals AZN 14,718,000. “Meanwhile, the deposits in the amount of AZN 26,731,000 have been insured. Thus, as of 1 October the bank depositors received 46% of the total volume of insured deposits”, the news release says.

News.Az

Leave A Comment