Properties of two banks liquidated in Azerbaijan will be put up for auction on January 5, 2018, the Azerbaijan Deposit Insurance Fund (ADIF) said in a message on December 6.
Three non-residential facilities belonging to Texnikabank as well as one non-residential facility on the balance sheet of Bank Standard will be put up for auction.
In particular, three offices of Texnikabank in Babek Plaza will be put up for auction. The monthly rental fee is as follows: for one office of 185.4 square meters - 1,000 manats, for each of other two offices of 111.5 square meters - 730 manats.
An office of Bank Standard in Sumgait will be put up for auction. The monthly rental fee for the office of 139.5 square meters is 2,074 manats.
Licenses of both 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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