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LOCAL PRIVATE COMPANY TO INSURE CENTRAL BANK

Business Materials 1 July 2005 17:34 (UTC +04:00)

MBask, a rapidly growing local private company, will provide insurance services for the Milli Bank (the central bank), following the announcement of the results of an appropriate tender.

The chairman of the Milli Bank, Elman Rustamov told Trend that in accordance with the requirement of the tender, the winner вЂ" MBask вЂ" must reinsure the insured property with a rated insurer.

For his part, the deputy chairman of MBask, Gunduz Karimov told Trend that the corresponding contract with the central bank would be signed within a week, with the U.S. company AIG to act as the reinsuring party.

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