Central Financial institution of Azerbaijan will increase bills on insurance coverage companies

BAKU, Azerbaijan, July 3. The Central Financial institution of
Azerbaijan (CBA) spent 1.05 million manat ($620,000) on insurance coverage
companies in 2022, Pattern studies.

As to calculations mirrored within the financial institution’s monetary report,
this determine elevated by 26.92 % yr on yr and deductions
for obligatory medical insurance coverage amounted to 572,000 manat or
$336,470 (a rise of 33.64 % over the yr).

Be aware that, the CBA ended 2022 with a internet lack of 63.95 million
manat ($37.62 million).