Bank Of Baku

AXA Group takes stance on compensation issue about “armenia genocide”

AXA Group takes stance on compensation issue about “armenia genocide”
# 14 October 2010 12:39 (UTC +04:00)
According to him the Group implemented compensation in 2005. “This was pure legal decision and we don’t intend to give an explanation about the accident in former times.”

Note that AXA Group compensated 12.7 mln Euros to 7 Armenians. Because of, AXA Group bought the life insurance certificates of UAP Insurance Company in France. Owned in 1922 UAP Company accepted the requirements about Armenian genocide. That’s why, AXA Group had to implement compensation to Armenians.
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