...

Some obligatory payments of Azerbaijani insurers to be postponed

Economy Materials 26 April 2020 14:47 (UTC +04:00)
Some obligatory payments of Azerbaijani insurers to be postponed

BAKU, Azerbaijan, April 26

By Yusif Aghayev - Trend:

Some obligatory payments of Azerbaijani insurers will be postponed, Trend reports citing the Central Bank of Azerbaijan.

Azerbaijan’s insurance companies will get support in management of liquidity and financial stability.

As part of these measures, it is planned to postpone the payment of calendar fees to the Compulsory Insurance Bureau until September 30, 2020.

Insurers are also recommended to postpone the payment of dividends for 2019 until September 30, 2020 and not pay interim dividends for 2020 in order to protect and strengthen the capital position.

As part of the action plan approved by the Cabinet of Ministers in accordance with Azerbaijani president’s decree dated March 19, 2020, the Central Bank of Azerbaijan has worked out additional support measures for finacial entities.

Tags:
Latest

Latest