Bank Of Baku

Pasha Life to diversify its investment portfolio

Pasha Life to diversify its investment portfolio
# 07 March 2011 15:15 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Pasha Life Insurance Company intends to increase the deposits in banks by 30% to AZN 4 mln, Chairman of Board of Directors Mursal Rustamov told APA.

According to him, the company’s bank deposits makes near AZN 3 mln: “Now, bank places its revenue only as deposit. Company intends to invest in securities market, during years coming. Thus, company intends to direct a part of revenue to mortgage securities”.

Note that, Pasha Life was registered on November 24, 2010.
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