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Azerbaijan puts properties of 4 liquidated banks for auction.


Properties of four banks liquidated in Azerbaijan will be put up for auction on January16, 2018, the Azerbaijan Deposit Insurance Fund (ADIF) said in a message on December 19.

Cars on the balance sheet of Bank Standard and Atrabank, a non-residential area on the balance sheet of Kredobank, and a country house on the balance sheet of Texnikabank will be put up for the auction.

Two ATMs on the balance sheet of Atrabank and three embossers (one on the balance sheet of Atrabank and two on the balance sheet of Kredobank) will be also put up for the auction.

The auction will be held Jan. 16, 2018 at 11:00 (GMT +4) at: Republican Commodity and Raw Materials Exchange, 156 (20A), Hidayatzade Str.

Licenses of the four banks were revoked in 2016 as they didn't meet the minimum capital requirement of the Central Bank of Azerbaijan (50 million manats) and did not fulfill obligations to creditors.

The Azerbaijan Deposit Insurance Fund has been operating since August 13, 2007.

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Publication:Azer News (Baku, Azerbaijan)
Geographic Code:9AZER
Date:Dec 20, 2017
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