Azerbaijan to put up seven banks' property for action

Baku Auction Centre LLC will hold open auctions to sell the movable property of Azerbaijan's Technika Bank OJSC, NBC Bank OJSC, AGBank, AtaBank, Zaminbank, Amrahbank and Bank Standard on December 28, which are being liquidated.

The banks' real estate was valued at 15,000 manats ($8,823), 1,800 manats ($1,058), 2,485 manats ($1,461), 2,505 manats ($1,473), 1,690 manats ($994), 2,625 manats ($1,544), 14,146 manats ($8,321) and 5,455 manats ($3,208), respectively, Report informs, citing the liquidator of banks - Azerbaijan Deposit Insurance Fund (ADIF).