ADIF To Pay Compensation To Gunay Bank Depositors Via Respublika Bank In Azerbaijan
(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 2. The
Azerbaijan Deposit Insurance Foundation (ADIF) will pay
compensation to depositors of Gunay bank OJSC, which is in the
process of liquidation, through Bank Respublika OJSC, the ADIF told
trend .
By the decision of the Administrative Board of the
Baku Court of Appeal on May 18, 2023, Gunay Bank was declared
bankrupt, and the Azerbaijan Deposit Insurance Foundation was
appointed its liquidator. In accordance with the law "On Deposit
Insurance", the day of the insured event at Gunay Bank is
determined on May 18, 2023.
The payment of compensation will begin on June 19.
According to the law "On Deposit Insurance", the fund accepts
depositors' applications within one year, starting from the date of
the first publication of the notification of compensation
payment.
Depositors can receive account statements on savings
accounts at the head office of Gunay Bank, which is in the process
of liquidation, at the address - Ashug Aly Str. 45, Narimanov
district, Baku city.
When depositors apply to the relevant branches of Bank
Respublika to receive compensation, in accordance with the
compensation payment procedures, they are asked to submit a deposit
agreement, a savings book, or other documents confirming the
deposit, and a copy thereof in accordance with the procedure
provided for by law, as well as a document certifying the identity
of the depositor.
When a depositor's representative applies for
compensation, he must provide a notarized power of attorney in
addition to the mentioned documents.
Depositors can apply to the relevant branches of Bank
Respublika from June 19 and on the website ( In
connection with the payment of compensation, additional information
will be provided about the relevant branch network of Bank
Respublika.
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