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Guarantee Fund (Bulgaria)

Main Activities: All Other Insurance Related Activities
Full name: Garantsionen Fond Profile Updated: September 22, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

The Garantsionen Fond is an institution located in Sofia that plays a significant role in protecting the interests of citizens and maintaining stability in the insurance sector, as well as public trust in it. The main function of the Garantsionen Fond is to guarantee compensation for injured individuals in road accidents involving uninsured and unidentified vehicles, as well as to secure the guaranteed claims of insured individuals in the event of insolvency of the insurer. The Fond also provides various information services and inquiries to citizens. The Garantsionen Fond implements active measures to increase the coverage of the "Civil Liability" insurance for motorists, thereby protecting the interests of responsible drivers and society. Through its support of projects by the Ministry of Interior for the provision of technology and information and communication technologies, the institution contributes to more effective road control and improving road safety in the country. The Garantsionen Fond was established in 1997 with the Insurance Act and operates in accordance with the current legislation and internal regulations for its structure and activities. The institution is a full member of the "Council of Bureaux," which manages the international motor insurance system "Green Card."

Headquarters
ul. Graf Ignatiev 2, et. 4
Sofia; Sofia - city; Postal Code: 1000

Contact Details: Purchase the Guarantee Fund report to view the information.

Website: http://www.guaranteefund.org/

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
Key Executives
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Manager
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Manager
Company Performance
Financial values in the chart are available after Guarantee Fund report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Total operating revenue
12.18%
Operating profit (EBIT)
322.19%
EBITDA
83.75%
Net Profit (Loss) for the Period
219.93%
Total assets
7.05%
Total equity
15.96%
Return on Equity (ROE)
10.93%
Quick Ratio
-113.74%
Cash Ratio
-26.73%

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