Bank Of Baku

Fidan Sigorta to restore operation

Fidan Sigorta to restore operation
# 27 December 2011 09:58 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Fidan Sigorta Company intends to restore licence until February, 2012, said the chief insurance specialist of the company Ali Valiyev told APA.

According to him, Ministry of Finance abolished the licence of Company 6 months ago, due to financial stability and payment ability: “Board of Directors and Administrative Personnel will attempt to eliminate the problems and restore the licence. We believe that, this problem will be solved until February, 2012”.

Remind that, Fidan Sigorta has been in operation since 1994. The Company operates 15 voluntary and 4 compulsory insurance types.
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THE OPERATION IS BEING PERFORMED