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Deputy Director, Vusal Abbasov, told the APA that it is planned to open branches in Mingechevir, Jalilabad, Guba and Ganja.
During 2006 company's authorized capital leaped 2.5% to AZN 1.5mln.
ALFA Insurance (former Murad Insurance) was established in 1997. It provides 25 voluntary and 4 compulsory insurance services.
Technikabank acquired ALFA Insurance in late 2006.