Azerbaijan, Baku, 6 March / Trend corr. U.Ismayilova / One of the largest insurance companies MBASK is to increase its authorized capital to AZN 3mln from the current AZN2mln, Jamil Malikov, company manager, stated.
"Authorized capital will be increased at the expense of income in 2007," Malikov said.
As for 2007, company income comprised AZN 1.5mln.
According to data by the Azerbaijani Finance Ministry, MBASK collected premiums to the amount of AZN 14.66mln.
Since 1992, MBASK has provided 29 kinds of services, four of which are compulsory.
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