Baku 8° C
Compulsory Insurance Bureau doubles investments in SOCAR bonds
Finance
- 09 January, 2020
- 07:22
As of January 1, 2019, investments of the Compulsory Insurance Bureau (CIB) in SOCAR bonds stood at AZN 7.813 million, up 2.3-fold from the previous year, Report informs citing CIB’s financial statement.
According to the statement, the CIB has been investing in Finance Ministry’s bonds since 2018 and had AZN 2.967 million of investments in the government securities at the end of the year. Instead, the CIB removed AZN 2.003 million-promissory note, which it has had since 2017, from the investment portfolio.
Generally, investment securities in CIB’s assets rose by 98.25% to AZN 10.779 million in 2018.
Author
Latest News
13:15
Four arrested on suspicion of spying on Jewish community for Iran
Other countries13:13
Ilham Aliyev congratulates Ghanaian president on national holiday
Foreign policy13:09
Indonesia to begin evacuating its citizens from Iran via Azerbaijan today
Other countries13:03
NATO appoints new special rep for South Caucasus
Foreign policy12:49
IOFS Director General meets with TURKPA Secretary General
Foreign policy12:47
Hungary calls Iranian drone attack on Azerbaijan's Nakhchivan unacceptable security violation
Foreign policy12:39
Baku court sets March 18 trial in embassy terror plot case
Incident12:32
Photo
CBA recommends Compulsory Insurance Bureau to expand tech infrastructure
Finance12:23