Sat, 1 March
1.1 C
Yerevan
USD: 393.35 RUB: 4.45 EUR: 409.08 GEL: 140.73 GBP: 495.31
spot_img

Armenian Insurance Companies Post 2.3 Billion Drams In Net Profits For The First Nine Months

YEREVAN, November 28. /ARKA/. Armenian insurance companies posted 2.3 billion drams in net profits for the first nine months of the year. In the first nine months of last year they incurred a total of 291.3 million drams in net losses.

According to an analysis, made by ARKA news agency, the leading company by size of net profits was Rosgosstrakh Armenia with over 553.5 million drams. In the same time span of last year this company incurred 189.9 million drams of losses.

The list of leaders included also Nairi Insurance with 511.4 million drams of net profits. The figure represented a sevenfold rise from the same time span of last year or by 440.7 billion drams and Ingo-Armenia with 326.3 million drams net profits, almost a six-fold rise from a year before (by 293.3 million drams).

Of eight insurance companies none incurred losses in January-September 2011. ($1 – 383.42 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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 ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

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