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Azerbaijan Industry Insurance quadruples capital

Azerbaijan Industry Insurance quadruples capital

30 December 2009 15:20 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-ECONOMICS. Azerbaijan Industry Insurance has increased its share capital by 4-fold to AZN 4 million.

The bank said AZN 3 million worth of newly issued shares were sold at an auction on Baku Stock Exchange.

Azerbaijan Industry Insurance (formerly Capital Investment Insurance - CI Insurance), owned by Azerbaijan Industry Bank, has been in operation since 1996.

The company currently provides 25 types of voluntary and 5 types of compulsory insurance services.

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