Atabank OJSC, NBCBank OJSC and AGBank OJSC, which are in the process of liquidation, are in the process of returning their deposits affected by the adjustment measures.
The Deposit Insurance Fund has issued a statement in this regard.
It was noted that at the request of the Cabinet of Ministers of the Republic of Azerbaijan on the basis of an application submitted by the Deposit Insurance Fund on deposits registered in the register of liabilities of Atabank OJSC to depositors in the process of liquidation, the Constitutional Court of the Republic of Azerbaijan .2.6 is interpreted in terms of Articles 47 and 48 of the Law of the Republic of Azerbaijan “On Banks”.
According to the decision of the Constitutional Court of the Republic of Azerbaijan, the deposits accepted at the liquidated “Atabank” OJSC, “NBCBank” OJSC and “AGBank” OJSC after the application of corrective measures, increased and changed terms were considered protected deposits, as well as “Atabank” It was decided to consider the bank deposit agreement on deposits registered as unprotected deposits in the register of OJSC's liabilities to depositors concluded from the moment the depositor transfers the deposit to the bank and accept it as the initial (main) agreement.
We would like to inform you that the return of these deposits will start on August 14, 2020.
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