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Bashak Inam intends to increase share in Turan BAnk

Bashak Inam intends to increase share in Turan BAnk

13 July 2011 11:34 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Bashak Inam Company intends to increase the share in Turan Bank, said the chairman of Board of Directors Orkhan Hasanov.

According to him, the current share company in the bank makes 1%. According to strategic plan, this share may be increased up to 3%. Company invested AZN 150,000 in Turan Bankâ€™s securities. This number is planned to increase by 70% to AZN 250,000.

Note that, Turan Bank has 26 shareholders. 21 of them are individuals, 5 â€“ legal entities.

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

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