Suzanne
14-02-06, 12:02 PM
Dutch banking group ING will soon join the Bulgarian life insurance market.
The new company, ING Life Insurance, is awaiting to be licensed by the Bulgarian financial regulator.
ING Pension Insurance chief executive director Nikolai Stoikov is tipped for the CEO position at the life insurance arm of the company.
The ING pension insurance unit in Bulgaria controlled 8% of the market attend-September 2005, ranking as the no.4 company in terms of assets, shows data of the Financial Supervision Commission. The company, which manages the pension plans of 240,000 Bulgarians, posted a loss of 1.4 mln levs in 2005.
ING Bank Sofia managed assets worth 392 mln levs at end-2005, shows data of the Bulgarian National Bank. The bank reported a profit of 4.6 mln levs last year.
http://news.dnevnik.bg/
The new company, ING Life Insurance, is awaiting to be licensed by the Bulgarian financial regulator.
ING Pension Insurance chief executive director Nikolai Stoikov is tipped for the CEO position at the life insurance arm of the company.
The ING pension insurance unit in Bulgaria controlled 8% of the market attend-September 2005, ranking as the no.4 company in terms of assets, shows data of the Financial Supervision Commission. The company, which manages the pension plans of 240,000 Bulgarians, posted a loss of 1.4 mln levs in 2005.
ING Bank Sofia managed assets worth 392 mln levs at end-2005, shows data of the Bulgarian National Bank. The bank reported a profit of 4.6 mln levs last year.
http://news.dnevnik.bg/