EPSI Rating, independent pan-European project on customer satisfaction and loyalty in various economic sectors, conducting regular surveys in Azerbaijan, has summed up the results of the research of the local market in 2012.
This year the Azerbaijani insurance market is heavily dependent on legislative decisions – introduction of life insurance specializing companies and licensing on main types of compulsory insurance, which by 1 October provided 35.5% of overall insurance premiums.
Azer Safarov, advisor to the chairman of board of Bank IBA-Moscow, the Russian subsidiary of OJSC International Bank of Azerbaijan (IBA), has welcomed the fact that Islamic banking is developing in the EU.
The Islamic Development Bank (IDB) has called for nominations from individuals and organizations for two separate Prizes for the year 2013 for “Science and Technology” and “Women’s Contribution to Development”
The Central Bank of Azerbaijan has published a report on financial stability for the first half of 2012 which demonstrates that thw country economy does not need extra large banks except International Bank of Azerbaijan.