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Insurance company plans to increase authorized capital

Business Materials 4 October 2010 16:11 (UTC +04:00)

Azerbaijan, Baku, Oct. 4 / Trend A. Akhundov /

Temza Sigorta Qrupu British-Azerbaijani Insurance Company prepares to raise the authorised capital from the current 0.9 million manat to 2 two million manat, Samir Mustafayev, Chairman of the Board, said.

"We will raise capital by at least 2 million manat ourselves, Mustafayev said.

He said that it is planned to do it through possible changes in the staff of shareholders of the company.

On Oct. 4, the official exchange rate is 0.8024 manat to $1.

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