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Azerbaijan names amount of paid compensations to depositors of closed banks


By Trend
Compensation on insured deposits in the amount of over 622.8 million manat ($366.3 million) as of February 11, 2021, was paid to the depositors of the closed AtaBank, Amrahbank, NBC Bank, and AGBank, Trend  reports citing the report of the Azerbaijan Deposit Insurance Fund (ADIF).
Some 9,745 AtaBank depositors received compensation in the amount of 242.8 million manat ($142.8 million), 5,786 Amrahbank depositors - about 140 million manat ($82 million), 4,650 AGBank depositors over 111 million manat ($65.3 million), and nearly 4,200 NBC Bank depositors received compensation worth more than 129 million manat ($75.8 million).
The compensation to depositors of AtaBank and Amrahbank has been paid since June 1, 2020, in a non-cash form through debit cards of Kapital Bank OJSC. The International Bank of Azerbaijan OJSC (IBA) is an agent bank through 20 branches to issue compensation on insured deposits in AGBank OJSC and NBC Bank OJSC. The compensation to custom ....

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Azerbaijan Exploits Everything For Propaganda, Including Art


BY HARUT SASSOUNIAN
The Calvert Journal published last week an article by Lucía de la Torre titled, “The Aliyev influence: how nepotism and self-censorship rule Azerbaijan’s art scene.”
On October 2, 2020, two days after the start of the Artsakh war, a giant Azerbaijani flag was placed on the façade of Baku’s YARAT Contemporary Art Space gallery with a giant message: “Karabakh is Azerbaijan.”
This did not sit well with the Turkish-born Kurdish artist Ahmet Ogut whose exhibition “No Poem Loves Its Poet” had been displayed in the gallery since May 2020. Ogut requested that the propaganda banner be taken down and boldly declared: “I refuse to allow my work to fall prey to political instrumentalization.” ....

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Details of a new procedure for return of deposits

Details of a new procedure for return of deposits
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