Azerbaijan, Baku, Jan. 13 / Trend U.Ismayilova /
Shareholders of the British- Azerbaijani insurance company Thames Insurance Group began to consider increasing the company's share capital, company Chairman Samir Mustafayev said today
"The company will increase its authorized capital to 2,000,000 manat in accordance with the requirements of the finance ministry. At present the company's capital hit 0.9 million manat," Mustafayev said
The company intends to increase its capital in a month on the base of expenses of the shareholders and partly by the profits earned in 2009
The revenues of the company were insignificant and the shareholders intend to implement additional inflows for the company's capitalization, Mustafayev said
Thames Insurance Group is the only company that did not reduce the authorized capital to a minimum - one million manat.
The Thames Insurance Group CJSC operates in Azerbaijan since 1996 and has shareholders both in Azerbaijan and UK. Azerbaijan's share in the company is 51 percent, which is owned by the Gala Investment and 49 percent of share belong to British Glencarron Group Limited
Thames Insurance Group's premiums hit 0.925 million manat in 2009 with 0.75 million manat in payments
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