AAI expects insurance market to grow by more than 10% this year

The Central Bank of Azerbaijan (CBA) has decided to keep the discount rate at 7.25%. This is reported on the CBA website.

The board meeting held in the Accounting Chamber discussed ‘Audit report on the results of compliance audit on the use and management of public funds of the State Agency for Compulsory Medical Insurance of Nakhchivan Autonomous Republic. This was reported by the Chamber.

About AZN 511 million, or about $300 million, has been granted to Azerbaijani entrepreneurs under the guarantees of the Mortgage and Credit Guarantee Fund on favourable terms so far.

By the decision of the Listing Committee of the Baku Stock Exchange (BSE), the standard segment of the market included unsecured, undocumented, registered bonds of non-banking credit organisation (NBCO) ‘Kyapaz’ with the code AZ2011020800 ISIN, in the amount of AZN 0.5 million and circulation period of 60 months. This is reported by the BSE.