Wed, 9 July
23.1 C
Yerevan
USD: 384.19 RUB: 4.90 EUR: 450.58 GEL: 141.45 GBP: 521.65

Total capital of insurance companies in Armenia surge by 21.7% year-on-year to 14.1 billion drams

YEREVAN, August 24. / ARKA /. In the first half of 2011 the total capital of insurance companies in Armenia surged by 21.7% year-on-year or by 2.5 billion drams to 14.1 billion drams, according the findings of an analysis made by ARKA news agency.

The leading company in terms of capital size was Rosgosstrakh-Armenia. On 30 June its total capital stood at 2.4 billion drams, having doubled in the first half. This company’s capital accounted for 17.2% of the aggregate capital of all insurance companies in Armenia. The list of the five top companies by size of capital included also Ingo Armenia with more than 1.9 billion drams (13.76% of the aggregate capital of all insurance companies), Nairi Insurance with about 1.8 billion drams (12.4%), Rasco with more than 1.7 billion drams (12.1%) and Cascade Insurance with about 1.7 billion drams (12%).

In terms of authorized capital the top three companies were Cascade Insurance (more than 1.7 billion drams), Rosgosstrakh-Armenia (about 1.7 billion drams) and Guarantor Limens (1.6 billion drams).

As of June 30 there were nine insurance companies in Armenia. One company’s data was unavailable. ($ 1 – 367.62 AMD). -0-

spot_img

POPULAR

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.

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.

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.

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

LATEST NEWS

spot_imgspot_imgspot_img