Standard Bank declared bankrupt, and ADIF becomes its liquidator – Azerbaijan Business Center

Standard Bank declared bankrupt, and ADIF becomes its liquidator

Baku, Fineko/abc.az. Commercial Bank Standard, the activities of which discontinued from 1 October, has been declared bankrupt.

The Azerbaijani Deposit Insurance Fund (ADIF) informs that it was done by Decision #2-1(81)-4498/2016 of the Baku Administrative & Economic Court #1. By the same decision, ADIF was appointed the liquidator of Bank Standard.

At the same time, the Fund pointed out that the Banks bankruptcy does not exempt from obligations to it.

07.10.2016 15:08

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