PAC Doverie increases the amount of the reserve for guaranteeing minimum profitability by BGN 3 million above the minimum required by law

In relation to the lack of a statutory opportunity for substantial accumulations in the reserve to guarantee the lifetime pensions to be paid by the UPF, at the end of 2012, The Board of Directors of PAC Doverie has approved a decision to supplement the reserve for guaranteeing minimum returns by BGN 3 million above the minimum threshold required by law.

  
The amount of BGN 3 million is part of the company's profit for 2012 and is allocated respectively: BGN 2 707 500 to UPF Doverie and BGN 292 500 to PPF Doverie.

  
If there is a legal possibility in the future, this amount will be used to guarantee lifetime pensions from the UPF.