Bank Of Baku

Silk Way Insurance gets 11% rise in assets

Silk Way Insurance gets 11% rise in assets
# 24 June 2015 10:14 (UTC +04:00)

Baku - APA-Economics. As of April 1, 2015, Silk Way Insurance’s assets stood at AZN 31.935 mln, up 10.7% from early 2015 (AZN 28.843 mln).

 

Short-term assets made AZN 30.755 mln, long-term assets – AZN 1.180 mln.

 

Share of reinsurers in the insurance reserves makes AZN 6.141 mln.

 

Authorized capital remained unchanged. Paid-up nominal capital of the insurer stood at AZN 14.770 mln, total capital rose 7.5% to AZN 20.288 mln.

 

Liabilities surged 16.9% to AZN 11.647 mln. Of this, AZN 11.252 mln made long-term liabilities, AZN 395,173 – short-term liabilities.

 

Net profit amounted to AZN 409,934.

 

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