Mon, 8 September
26.1 C
Yerevan
USD: 382.77 RUB: 4.70 EUR: 447.46 GEL: 142.16 GBP: 515.90

Total capital of Armenian insurance companies shrinks by 5,41% in second quarter

YEREVAN, September 8, /ARKA/. The total capital of Armenian insurance companies shrank by 5.41% in the second quarter of 2010 or by 662 million Drams to 11.6 billion Drams.

According to a study made by ARKA news agency, the number one company by capital size was Rasco that had 1.6 billion Drams at the end of June. 2010. It dropped by almost 5% or 82.9 million Drams in the second quarter. Its capital accounted for around 14% in the overall capital of all insurance companies.

The second largest company in terms of capital size was Ingo Armenia with 1.5 billion Drams that made

13.26% of the overall capital of insurance companies. It was followed by Cascade Insurance with 1.25 billion Drams (10.77%), Rosgosstrakh Armenia – 1.19 billion Drams (10.27%) and Nairi Insurance – 1.1 billion (9.32%). 

In terms of charter capital the three leader banks were Rosgosstrakh Armenia (1.2 billion Drams), Cascade Insurance (around 1.188 billion Drams) and ISG (1.136 billion Drams). There are ten insurance companies in Armenia with nine branches. ($1 – 363.5 Drams).  -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img