JSC “International Bank of Azerbaijan-Georgia” is leaving the Georgian market. Under the decree of the Vice-President of the National Bank of Georgia №465, July 25 2018, the process of liquidation of the Bank has begun, which implies the case of insurance under the Georgian Law on “Deposit Insurance System”.

All deposits with positive balance of resident and non-resident individuals are insured. Insurance does not apply to deposits of those individuals whose right to access the deposit is restricted according to the Georgian legislation (loan guarantee amounts, sequestered amounts, etc.). Full list of excluded deposits is prescribed by the Law of Georgia on Deposit Insurance System, Article 18.

The maximum amount paid by the Deposit Insurance Agency is 5,000 GEL. The amount above 5,000 GEL will be paid in accordance to the Georgian legislation by the officially appointed liquidator of the National Bank of Georgia. See the official statement of the National Bank of Georgia and the appointed liquidator.

Payout of insured deposits will start from July 30 2018 in any branches of JSC “Liberty Bank”.

For receiving the due amount please provide ID card.

For additional information please call the Deposit Insurance Agency Georgia hot line: 2 29 67 46; 595 267 313.