State insurance reserves can be used as a bank deposit

17:30 - 7.09.2022

September 7, Fineko/abc.az. Use of state insurance reserves as a bank deposit can become possible in Azerbaijan.

ABC.AZ reports that this is stated in the "Procedure for the use of insurance funds, including the insurance reserve", approved by Prime Minister Ali Asadov yesterday.

According to the rule, the amount of the deposit in the bank should not exceed 20% of the capital of this bank.

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