Bank Of Baku

AzInvest Sigorta to double share capital

AzInvest Sigorta to double share capital
# 02 September 2009 14:10 (UTC +04:00)
Baku. Elnur Guseynguluev - APA-ECONOMICS. Azerbaijan-based insurance company AzInvest Sigorta plans to double its share capital AZN 2 million by this yearend.

This comes from the minimum capital requirements set by the Ministry of Finance for insurance and reinsurance firms.

The new minimum capital requirements took effect from August 1, 2008.

According to the rules, the minimum capital requirements will increase as follow in the coming years.

New capital requirement effective from

For insurers

For reinsurers

January 1, 2009

1 mln.

2 mln.

January 1, 2010

2 mln.

4 mln.

January 1, 2011

3.5 mln.

7 mln.

January 1, 2012

5 mln.

10 mln.

1 2 3 4 5 İDMAN XƏBƏR
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