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Turkey and Azerbaijan to cooperate in deposit insurance

A memorandum of understanding in the field of deposit insurance was signed between the Savings Deposit Insurance Fund and the Azerbaijan Deposit Insurance Fund.

According to the statement made by the Savings Deposit Insurance Fund (TMSF), a delegation of 13 people headed by Azerbaijan Deposit Insurance Fund (ADIF) President Tural Piriyev visited the SDIF.

With the new memorandum of understanding signed between SDIF President Fatin Rustu Karakas and ADIF President Piriyev, it was decided to further develop the mutual cooperation between the two institutions.

Within the scope of the visit, experiences will be shared on deposit insurance, bank resolution, liquidation, corporate reporting, press and public relations and other corporate practices of the SDIF with guest institution representatives through seminars to be held throughout the week.

Source: Trthaber / Translated by Irem Yildiz

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