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Since 16 September maximum rate on insured deposit in Azerbaijan increased up to 15%

Azerbaijan Deposit Insurance Fund has informed about its advantages for depositors storing theirs deposits in the national currency. ADIF reported that since 16 September the maximum annual rate on insured deposit in the national currency increased from 12% to 15%. The decision was adopted by Supervisory Board of ADIF with the approval of Azerbaijan Central […]

Licenses of 4 banks revoked in Azerbaijan

In accordance with the decree of the Board of Directors of the Financial Markets Control Chamber dated 21 July 2016, banking licenses of “Dekabank” OJSC “Kredobank” OJSC, “Parabank” OJSC and “Zaminbank” OJSC have been canceled.

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