Bank Of Baku

Khalg Sighorta to open two regional branches

Khalg Sighorta to open two regional branches
# 08 September 2008 14:23 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Khalg Sighorta Insurance Company plans to open two provincial branches by the end of this year, said Gulnare Aliyeva, officer of the company.
She added that one branch will be established in Gandja and one in Mingechevir.
At present the company has one branch in Baku.
Khalg Sighorta has been in operation since 2005.
The company earned AZN 5.41 million in premiums and paid AZN 0.75 million for insurance claims.
As at September 1, the company’s authorized capital stood at AZN 14.1 million. It provides 25 voluntary and 4 compulsory types of insurance services.
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