Net income of Armenian insurance companies in 2011 reached 2.4 billion drams

YEREVAN, March 16. /ARKA/. Net income of Armenian insurance companies in 2011 was more than 2.4 billion drams vs. net losses in the amount of 447.2 million in 2010.

According to the analysis of ARKA News Agency, the leader by the volume of net income became the company Rosgosstrakh-Armenia. In 2011 this indicator of the company was over 540.4 million drams vs. the losses in 2010 in the amount of 430.2 million drams.

Among the leaders are also the companies Ingo-Armenia – 535.3 million drams (vs. losses in 2010 in the amount of 59.7 million drams) and Nairi Insurance – about 533.1 million drams (vs. 19.6 million drams in 2010).
According to the results of the reporting period, no insurance company had losses.

As of December 31, 2011 in Armenia were operating 8 insurance companies. ($1 – 388.89 drams). –0—

spot_img

POPULAR

Assets of Armenian credit institutions exceeded 905 billion drams in the first half of the year, up 5.12% from the beginning of the year

The total assets of Armenia's credit institutions as of June 30, 2026, amounted to 905.17 billion drams, an increase of 2.58% compared to March 31, 2026, and a 5.12% increase from the beginning of the year.

IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch Campaign

IDBank has expanded its card portfolio with the new Mastercard World card, created for those who value convenience not only in their everyday purchases but also while traveling.

Moody’s Raises Acba Bank Rating Outlook

Moody's, the international rating agency, simultaneously raised the outlook on Armenia's sovereign credit rating and changed the outlook on Acba Bank's Ba3 long-term deposit and issuer ratings from "stable" to "positive."

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 27–31)

Armenia's financial agenda last week was determined by banking sector data, rating decisions, inflation and public debt forecasts, exchange rate dynamics, personnel changes at Byblos Bank Armenia, and expert assessments of the possible impact of restrictions on goods supplies to Russia.

Central Bank of Armenia explained its decision to keep the interest rate unchanged

The Central Bank of Armenia kept the interest rate unchanged because it has not yet seen any deviation in inflation expectations from the target level, stated Deputy Chairman of the Central Bank Hovhannes Khachatryan.

LATEST NEWS

spot_imgspot_imgspot_img