Today.Az » Business » Azer-Asia Insurance to raise nominal capital 44%
16 February 2007 [07:30] - Today.Az
Azerbaijan-Iran Insurance Company Azer-Asia intends to increase its authorized capital 43.8% to AZN 1mln this year.
Company head Office in Baku told APA that its authorized capital grew 15% to AZN 700,729.4 as of January 1. Premium collections went up 10.2%, year-on-year, to AZN 1,304,405 and payments in insurance rose 3.6% to AZN 488,433.21. Azer-Asia Joint Company was established by Iran's Asia Company (49%) and Azerbaijan's Azersigorta State Commercial Company (51%) in 1997.
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