Bank Of Baku

Bashak Inam insurance company’s investment portfolio hits AZN 2 mln

Bashak Inam insurance company’s investment portfolio hits AZN 2 mln
# 13 July 2011 14:47 (UTC +04:00)
Baku. Elnur Huseynguluyev - APA-Economics. As of July 1, 2011, Azerbaijan-based Bashak Inam insurance company’s investment portfolio made AZN 2 mln, board chairman Orkhan Hasanov told APA.

To him, AZN 350,000 of portfolio was placed to securities, the rest to banks. The company intends to invest in mortgage securities in future, because interest ratio of these securities is more.

Note that, Bashak Inam has been in operation since 1996. As of July 1, 2011, its authorized capital made AZN 3.2 mln. The company operates on 4 compulsory and 27 voluntary insurance types.
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