Oct 6 Azerbaijan’s mid-sized lender Bank
Standard has been declared bankrupt, the Azeri Deposit Insurance
Fund said on Thursday.
The bank’s license was revoked from Oct. 1 and the fund
operated as its liquidator.
The fund received 460 million manats ($288 million) in state
credits from the central bank on Tuesday in order to give
compensation to those clients who had insured deposits at Bank
Standard.
($1=1.61 manats)
(Writing by Margarita Antidze; editing by Christian Lowe)
‘);
$(‘.second-article-divide’).append($(‘.slider.slider-module’));
$(‘.third-article-divide’).append(‘
‘);
var media…
Read the full article at: http://www.reuters.com/article/azerbaijan-bank-bankruptcy-idUSL5N1CC3SM
