Investment Portfolio of AtaInsurance Exceeded 5 mln Manats
OREANDA-NEWS. December 11, 2008. An effective and rational placement of financial and insurance funds is one of the main financial duties of “AtaInsuarnce”. Placing existing financial capital in fifferent forms the company secures diversification of risks and gets economical profit.
For the purpose of ensuring the realization of financial policy, on the basis of deeply analyzing the fields of economy and financial market, “AtaInsurance” invested its financial resources in purchasing government and corporate securities and bank deposits in suitable conditions fixed according the requirements and standards of insurance legislation.
The investment portfolio of AtaInsurance is increased 37,7% from the beginning of the current year and reached 5.025.000 manats for the 1st of December 2008. 4.075.000 of these funds made up bank deposits, 950 000 manats made up securities of reliable business groups.
Especially, it should be noted that “AtaInsurance” OJSC directed all its investments to the development of national economy of the country.
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