Ata Bank - Azerbaijan issued the following announcement on June 18.

Deposit Insurance Fund is in the process of liquidation of depositors of “Atabank” OJSC, “Amrahbank” OJSC, “AG Bank” OJSC and “NBC Bank” OJSC as of June 17, 2020. ”Paid 61.6 million manat in compensation through the OJSC.

Compensation of depositors of “Atabank” OJSC and “Amrahbank” OJSC, which are in the process of liquidation, started on June 1, 2020, and compensations were made in cash in 35 branches through Kapital Bank OJSC's debit cards and Khazri express money transfer system. paid.

Payment of compensations to the depositors of “AG Bank” OJSC and “NBC Bank” OJSC, which are in the process of liquidation, started on June 16, 2020 and the compensations are paid non-cash in 20 branches through the debit cards of “International Bank of Azerbaijan” OJSC.

It is noted that according to Article 28.3 of the Law of the Republic of Azerbaijan "On Deposit Insurance", the Deposit Insurance Fund accepts applications from depositors within one year from the date of the first publication of the notice of compensation.

Original source can be found here.