Bank Of Baku

Bank Sigorta sees 48% rise in revenues year-on-year

Bank Sigorta sees 48% rise in revenues year-on-year
# 15 October 2011 14:40 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s Bank Sigorta collected AZN 3.108 mln insurance premiums during January-September of 2011, up 48% from a year earlier.

Payments on insurance events dropped 19.3% to AZN 549 thousand.

During this period, the company collected AZN 1.538 mln on “Motor vehicle insurance”, AZN 703.538 thousand on “Voluntary medical insurance”, AZN 222.632 thousand on “Property insurance”, AZN 204.158 thousand on “Compulsory fire insurance”, AZN 119.058 thousand on “Personal accident insurance” and AZN 320 on other insurace types.

Remind that, Bank Sigorta has been in operation since August of 2007. As of September 1, 2011, company’s authorized capital made AZN 5.520 mln.
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