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Azerbaijan Deposit Insurance Fund

What is insured deposit?

It is such a part of deposit that will be compensated by the Fund in the amount defined by Law "on deposit insurance" in case of insurance incident in the participant bank where a depositor is serviced

What is the amount of compensation paid to a depositor?

Starting March 2, 2016 deposits accepted by the Fund’s member banks with the annual interest rate 3 % in the foreign currency and 15 % in the national currency will be fully insured for 3 ( three) years.

Currencies in which compensation is paid in an insurance incident

In manats for the deposits in national currency
In USD or EUR according to the currency of the deposit for the deposits in USD and EUR deposits
For deposits denominated in other foreign currencies compensation shall be paid in USD or EUR based on the official exchange rates defined by the Central Bank.


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Board of Custodians

       

Chairman of the Board of Custodians 

Ilgar Muradov

Member of the Board of Directors of the Financial Market Supervisory Body of the Azerbaijan Republic

 

Members of the Board of Custodians 

Asim Zulfugarov  

Head of Strategic Analyses and Risk Management Office of the Financial Market Supervisory Body of the Azerbaijan Republic

 

Shaig Adıgozalov

Head of Macroeconomic investigation Department of the Central Bank

 

 Yalchın Azizov 

Head of Strategic Planning and Forecasting department of  the Ministry of  Economy   

 

Ziyaddin Allahverdiyev

Head of the Financing and Insurance Market Supervision Department of the Ministry of Finance of the Republic of Azerbaijan

 

Khalid Ahadov

Chairman of the Board of Directors of the International Bank of Azerbaijan

 

 Jalal Qasimov

The Chairman of the Supervisory Board of “Kapitalbank”







       

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