Baku, Fineko/abc.az. Mbask, a domestic insurance leader of Azerbaijan, is preparing to start process of its charter capital increase.
Rahman Hajiyev, general director for business & quality and a board member of Mbask, said that their charter capital will rise due to revaluation of assets.
“The increase will be carried out probably at the expense of profit as well,” Hajiyev said.
Mbask’s premiums are expected to reach around AZN 24 million before the end of 2008.
“At present we are considering several options for increase of charter capital, due to which charter capital will rise up to AZN 5-10 million. The final decisions will be made depending on the calculations of one of our major shareholders – the European Bank of Reconstruction and Development (EBRD). It will determine the way to increase the capitalization from the point of view of its strategy in MBASK and insurance market as a whole.
Company’s overall capital makes AZN 3.7 million. For Jan-Jun 2008 Mbask brought its premiums up to AZN 12.511 million. The indicator exceeds the 2007 same term figure by 166%. At the same time for Jan-Jun 2008 the share of premiums on motor insurance totaled 72% (AZN 9.017 million), medical insurance 7.2% (AZN 899,380), and property insurance 5.2% (AZN 655,955).
ไม่มีความคิดเห็น:
แสดงความคิดเห็น