Investment Portfolio of Compulsory Insurance Bureau to grow 21 percent in Azerbaijan
Baku, Azerbaijan, March 7
By Abbas Akhundov - Trend:
The investment portfolio of Compulsory Insurance Bureau in Azerbaijan could rise by 16 million manat, the Executive Director of the Bureau Elkhan Guliyev told journalists on March 7.
The investment portfolio of the Compulsory Insurance Bureau currently makes up 13.15 million manat, he said. The Bureau keeps its funds mainly in deposits of local banks.
The Compulsory Insurance Bureau was established in Azerbaijan in accordance with the law on 'Compulsory types of insurance' which regulates four types of compulsory insurance such as real estate, liability of owners of vehicles (CTP), passenger insurance and civil liability insurance in the operation of real estate. ISB includes 14 companies.
The official exchange rate on March 7 is 0, 7844 AZN/USD.
Translated by S.I.
Edited by S.M.