Tue, 8 July
29.1 C
Yerevan
USD: 384.19 RUB: 4.90 EUR: 450.58 GEL: 141.45 GBP: 521.65

Total assets of Armenian insurance companies grew by 3.3 billion drams in Q4, 2010 to 23.8 bullion drams

YEREVAN, February 21, /ARKA/. In the fourth quarter of 2010 the total assets of Armenia-based insurance companies grew by 3.3 billion Drams or 16% from the previous quarter to 23.8 bullion Drams, according to an analysis made by ARKA news agency.

The eliding company by size of total assets was Rosgosstrakh-Armenia whose assets were worth as much as 5.1 billion Drams as of December 31, 2010, growing by 19.5% or 831.5 million. This company accounted for 21.5% of all assets of all companies.

Ingo-Armenia with 4.2 billion Drams worth assets was second. They grew by 30.7% in the fourth quarter of 2010 or by 988 million Drams to

17.7% of the aggregate assets of all companies. Cascade Insurance was third with 3.4 billion Drams worth assets. They grew by 87.9% or about 1.6 billion Drams to 14.43% of the aggregate assets. Nairi Insurance had 3 billion Drams worth assets which grew by 79% or 1.3 billion Drams (12.4% of the aggregate assets), Rasko had 2.2 billion Drams worth assets. They grew by 26.3% or 450.3 million Drams (9.1%).

The highest growth rate of 88% was reported by Cascade Insurance, Sil Insurance (79%) and Nairi Insurance (79%). There are 9 insurance companies in Armenia which operate 9 branches. ($1 – 365.83 Drams). -0-

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img