Total capital of Azerbaijani insurance broker increases by almost fifty percent
Baku, Azerbaijan, March 29
By Abbas Akhundov -Trend:
The assets of Azerbaijani insurance and reinsurance broker - Societe de Courtage LLC amounted to 892.610 manat on the results of its activity in 2013 compared to 921.900 manat at the beginning of last year, decreasing by 3.18 percent, according to the company's balance sheet, posted on the local media.
The financial statement of the Societe de Courtage LLC is audited by Imdad Audit company.
The paid-up authorized capital of the company stood at 155.780 manat in 2013, as it was in 2012. The company completed 2013 with a net profit of 84.600 manat.
The company's aggregate capital amounted to 216.000 manat by the end of last year, with 44 percent growth compared to 2012.
The company's revenues amounted to 326.150 manat and expenses amounted to 216.177 manat last year.
The broker company Societe de Courtage is a subsidiary of Swiss company Société de Courtage en Réassurances SA, operating since 1982. Azerbaijani subsidiary of the company was registered in 2006, renewed the license for brokerage in the country in 2011.
Official exchange rate on March 29 is 0.7843 AZN/USD
Translated by S.I