Azerbaijani insurance company to increase authorized capital

By  Trend

Shareholders of Bashak Inam Insurance OJSC will discuss increasing of the company’s authorized capital on Dec. 22, the company said in a message Nov. 19.

Currently, the authorized capital of Bashak Inam is seven million Azerbaijani manats (1.7091 AZN/USD on Nov. 19).

Moreover, during the meeting, the shareholders will discuss changing the name of the insurance company and the results of the company’s activities in the first nine months of 2016.

The first half of 2016 Bashak Inam completed with a profit of 294,360 manats. The company’s assets decreased by 7.2 percent to 8.5 million manats, liabilities – by 32.2 percent to 753,140 manats during the year.

Bashak Inam Insurance OJSC was formed in 1994.