Bank Of Baku

Garant Sigorta to raise authorized capital

Garant Sigorta to raise authorized capital
# 28 January 2011 07:52 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Garant Sigorta’s investment portfolio reached AZN 5 mln, Chairman of Company’s Board of Directors Vagif Hasanov told APA.

According to him, 20% of investment portfolio is securities. Others are as deposit.

He also noted that company’s profit in amount of AZN 320 000 will be directed to capitalization. Thus, the company plans to increase the authorized capital by 25% to AZN 5 mln.

Remind that, Garan Sigorta has been in operation since November, 2007. THe company operates 18 voluntary and 4 compulsory insurance types.
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