Tue, 21 October
14.1 C
Yerevan
USD: 382.53 RUB: 4.71 EUR: 444.42 GEL: 141.18 GBP: 511.94

Armenian insurance companies’ equity capital rises to 9.9 billion drams

YEREVAN, November 9, /ARKA/. Twelve Armenian insurance companies said their aggregate equity capital rose to 9.9 billion Drams at the end of September, 2009 from 9.3 billion Drams at the end of Q2. The growth, according to a Central Bank review of insurance companies’ activity in Q3, was 5.49% or 512.6 million Drams.

According to the same source, their accumulated earnings in Q3 rose by 39.5% (by 471.7 million Drams) from Q2 to 1.7 billion Drams, of which 1.330 billion Drams were current term earnings. Their total authorised capital rose at the end of end of Q3 to 7.944 billion Drams from 7.903 billion Drams at the end of Q2.

Their aggregate assets rose to 14.2 billion Drams from 13.9 billion Drams at the end of Q2, while cash available and related funds fell by 19% to 33 million Drams from 40.8 million Drams at the end of Q2. Their aggregate liabilities rose to 4.3 billion Drams.

As of September 30, 2009 there were 12 insurance companies in Armenia. Since 2006 January 1 their performance is supervised by the Central Bank of Armenia. -0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img