Bank Of Baku

«Bashak Inam» insurance company’s assets to hit AZN 6 mln till the end of the year

«Bashak Inam» insurance company’s assets to hit AZN 6 mln till the end of the year
# 11 July 2011 10:29 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Bashak Inam insurance company is intending to reach its assets to AZN 6 mln by rising it 7%, board chairman Orkhan Hasanov told APA.

To him, there will be growth in total capital of the company during the mentioned period. That is, total capital will increase nearly by 15% to AZN 4 mln.

Hasanov thinks that at present, there is need for cash money: “That is why, the clients mainly prefer multipart insurance contracts. And it, in turn, caused the creation of reserves, decrease of total capital. It is the reality of the market, it is impossible to take different steps against it”.

Note that, Bashak Inam Company has been in operation since 1996. The company operates 4 compulsory and 27 voluntary insurance types.
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