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Pasha Sighorta wins a contract from Bank of Baku for medical insurance

03 February 2009 15:35 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Pasha Sighorta Insurance Company has won a contract from Bank of Baku to provide medical insurance to the bankâ€™s staff.
The insurance contract also covers the employees of the bankâ€™s branches, said the insurer. The number of the bankâ€™s employees is 452.
Pasha Sighorta, as part of Pasha Holding Group, has been in operation since 2006.
As of January 1, Bank of Bakuâ€™s assets stood at AZN 183.886 million, deposit portfolio at AZN 141.607 million, loan portfolio at AZN 152.049million, total capital at AZN 25.533 million and authorized capital at AZN 6.8 million.
The bank currently operates 15 branches, 18 ATMs and 240 POS terminals. One of the first commercial banks in Azerbaijan, Bank of Baku was registered on 14 February, 1994 originally under the name of Tugay Bank. The key founder of BOB was the Turkish company Nab DÄ±ÅŸ Ticaret. On 10 February 1997, Bank of Bakuâ€™s name was changed to Bank of Baku and it was reregistered as a joint stock commercial bank in August 1997.