USD 1.7

Baku 26 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

One more insurance company shut down in Azerbaijan

One more insurance company shut down in Azerbaijan

09 March 2012 07:38 (UTC +04:00)

The State Insurance Supervision Service under the Ministry told APA that, the term, the company released to the solution of problems, because of which had been temporarily suspended its license for insurance activity has expired. License has been canceled due to the fact that the company did not eliminate the facts giving rise to the suspension of its operation.

Note that, the FinMinistry suspended the license of Fidan SÄ±gorta on August 9 last year, basing the decision failure regarding the requirements of existing standards to ensure financial stability and solvency of the insurer.

Fidan SÄ±gorta insurance company has been in operation since 1994. Its authorized capital makes AZN 1.4 mln.

Finance

TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources

TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources

ADB: Expanding electric transport could bring Azerbaijan $18 mln annually

ADB: Expanding electric transport could bring Azerbaijan $18 mln annually

BSTDB Vice President Ziya Aliyev

BSTDB has financed over €9 billion in projects since its establishment – Vice President

BSTDB President Serhat Köksal

BSTDB President: Our more than 20-year partnership with Azerbaijan is built on mutual trust

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED