Azerbaijan Deposit Insurance Fund said that Total deposits of physical entities in member banks of ADIF in the first-half of 2012 totaled 4.319 billion manat (1 manat=1.28 dollar), increasing by 1.72 percent during the second quarter.
The number of insured depositors, according to the reporting period amounted to 6.125 million people.
According to the information The Fund’s insurance reserves increased in the second quarter by 6.39 percent and amounted to 48.3 million manat.
The source adds that at present, the maximum level of insurance coverage for the deposit is 30,000 manat. For the insurance of their deposits depositors do not make any payments, insurance payments are made only by banks.
