Baku 30° C
CBA issues licenses for insurance agent activities to 2 more banks
Finance
- 31 January, 2025
- 13:43
The Central Bank of Azerbaijan (CBA) has issued insurance agent licenses to Bank Eurasia and Bank BTB OJSC, Report informs, citing the CBA.
Thus, currently 60 legal entities, including 21 banks, have insurance agent licenses in Azerbaijan.
Bank Eurasia was established in 2007. Some 37.5% of the bank's shares belong to Euro Standard LLC (which owns 33.85% of Xalq Bank OJSC and 50% of Xalq Insurance OJSC), 37.5% to PDM Group LLC, and 25% to Azbizneskom LLC.
Bank BTB was established in 2010. Some 76.74% of the bank's shares belong to Nigar Mehdiyeva, 17.68% to Rza Sadiq (Chairman of the Supervisory Board), and 5.58% to Tukazban Mahmudova.
Author
Latest News
18:49
Mirziyoyev proposes creating Uzbekistan-Azerbaijan transport corridor
Foreign policy18:41
Inauguration and groundbreaking ceremony for Azerbaijani projects held in Uzbekistan
Foreign policy18:41
Mirziyoyev calls Aliyev's Uzbekistan visit historically significant
Foreign policy18:05
Azerbaijani MMA fighters win silver at IMMAF World Championships
Individual sports17:57
Zelenskyy believes war may end by late summer 2027
Other countries17:45
Kazakhstan's parliamentary election turnout surpasses 72% - Update
Region17:25
Ilham Aliyev highlights Uzbek president's special role in attracting investment to Karabakh
Foreign policy17:18
Ilham Aliyev calls Central Asia and Azerbaijan a single geopolitical region
Foreign policy17:18