Bank Of Baku

Azerbaijan’s MBASK Insurance Company achieves two-fold rise in premiums

Azerbaijan’s MBASK Insurance Company achieves two-fold rise in premiums
# 11 September 2008 13:11 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based MBASK Insurance Company earned AZN 15.047 million in premiums during January-August, up 2.1 times on the same period last year.
The company said AZN 3.778 million went to insurance claims, up 2.3 times on a year earlier.
MBASK Insurance has been in operation since 1992. MBASK is owned by EBRD (30%) and individuals. As of July 1, its authorized capital stood at AZN 2 million. At present it provides 29 types of insurance services.
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