Business news from Ukraine

IC “Veltliner” intends to allocate 15% of collected insurance payments for the needs of Armed Forces of Ukraine

12 August , 2022  

On September 27, shareholders of IC Veltliner (Kyiv) will consider granting the Supervisory Board the authority to give consent to transfer assistance for the needs of the Armed Forces of Ukraine within 15% of the amount of actually collected insurance payments for voluntary personal types of insurance for the period from September 27, 2022 until the date of decision by the Supervisory Board.
According to the agenda of the meeting of shareholders, published in the information disclosure system of the National Securities and Stock Market Commission, shareholders also plan not to distribute profit for 2021, not to accrue or pay dividends to shareholders, to make deductions to the reserve fund of 5% of profit for the year in the amount of UAH 73.9 thousand hryvnia and allocate UAH 1.404 million for current expenses of economic activity.
As reported, IC Veltliner has been the legal successor of PJSC European World Insurance House since 2012. It has 28 licenses for voluntary and compulsory types of insurance, and offers customers more than 100 insurance products.
From the second half of 2021, the teams of IC Veltliner were joined by the teams of three other insurance companies, of which one insurer left the market of its own accord, another was sold and changed its specialization.

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