OREANDA-NEWS. July 31, 2012. According to decision of   the Fund’s Tutorial Board, “Muganbank” OJSC, “Bank Respublika” OJSC and “AGBank” OJSC were selected as Agent Banks to pay compensations to insured depositors of “Royal Bank” OJSC where an insurance accident has taken place, reported the press-centre of Muganbank.

From 01 August 2012, Deposit Insurance Fund, through  the agent banks, will commence the payment of compensations to insured depositors of  “Royal Bank” OJSC which has undergone an  insured accident.

Additional information will be provided on the branches of the agent banks which are to take part in the compensation payment, their addresses and contact numbers.

Due to the insured accident, the Fund will pay to each insured depositor a 100% compensation which shall not exceed 30 thousand manats.