Bank Of Baku

Azerbaijan loosens requirements on increasing of capital of insurance companies

Azerbaijan loosens requirements on increasing of capital of insurance companies
# 29 September 2010 12:45 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijani Ministry of Finance intends to refuse the quickly increasing of requirements on minimum capital of insurance companies.

According to him the recapitalization schedule of insurance companies will be changed: “We made the project of changing of recapitalization schedule of insurance companies that this issue was discussed at the meeting of board of Finance Ministry and the requirements on authorized capital is expected to prolong by 2-3 years with remaining at the same level.”
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