BAKU, Azerbaijan, June 5. The work on the methodological project on calculation and collection of risk-based insurance premiums paid by member banks to the Mandatory Deposit Insurance Fund continued.
The data obtained by Trend from the Central Bank (CBA) shows that in 2023, depositors of the bankrupt Gunay Bank OJSC and Mugan Ban O JSC received 98 percent and 97 percent of their insured deposits, respectively.
As of December 30, 2024, compensation payments totaling 34.3 million manat ($20.2 million) were made to 2,209 depositors of Gunay Bank, which is in the liquidation process, and 199 million manat ($117.4 million) was paid to 7,689 depositors of Mugan Bank, also under liquidation.
