Fri, 25 July
30.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

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

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

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

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

Viva Armenia CJSC bonds listed on Armenia Stock Exchange

The Armenia Stock Exchange (AMX) is pleased to welcome another major company to the capital market. Viva Armenia CJSC’s USD-denominated bonds will be listed on the Armenia Stock Exchange starting from 15 July.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img