BAKU, Azerbaijan, February 10. The
profitability of the investment portfolio under the Compulsory
Insurance Bureau’s (CIB) of Azerbaijan sustainable finance and
guarantee fund has exceeded projections, Khanim Jamalova, head of
the Business Development Department of the CIB Legal Entities
Union, said at the presentation of the bureau’s report on strategic
projects implemented in 2025, Trend reports.
“The Central Bank of Azerbaijan has developed and approved rules
and procedures to improve subrogation practices to establish
effective compensation payments and subrogation mechanisms for the
sustainable finance and guarantee fund. As a result, the value of
the investment portfolio has increased. Thus, a target portfolio
income of 5.9 million manat ($3.4 billion) was achieved at the
level of 6.5 million manat ($3.8 billion),” she said.
