Standard Insurance to Increase Authorized Capital

The insurance company Standard Insurance intends to increase its charter capital up to 15 million manat (+ 36.4%).

According to the Chairman of the Board of the company, Aydin Rahmanov, this index is currently 11 million manat, but the implementation of the strategic plan for 2015-2016 will direct the profits not distributed against the possible risks.

JSC Standard Insurance has been in the local insurance market since October 2002. A legal entity is the shareholder. --17D-

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