Mon, 7 April
11.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Overall liabilities of Armenian insurance companies surge by 19% in 2011

YEREVAN, March 22. /ARKA/. The overall liabilities of all eight Armenian insurance companies surged by 19% in 2011 as opposed to the previous year to 16.7 billion drams as of December 31 2011. According to an ARKA study, the leading company in terms of overall liabilities was Ingo-Armenia  whose liabilities doubled last year to 5 billion drams. This company accounted for 29.9% of the aggregate liabilities of all companies.

The list of top five leading companies by size of overall liabilities included also Rosgosstrakh- Armenia with 4.2  billion drams (25.1% of aggregate liabilities of all companies),  Nairi Insurance – about 2.1  billion drams (12.5%),  Cascade Insurance – over 1.9 billion drams (9.4%) and Reso – over 1.2 billion drams (7.1%). These five companies accounted for 86% of aggregate liabilities of all eight Armenian insurance companies. ($1 – 383.12 drams). -0-

spot_img

POPULAR

Armenia’s public debt increased by 6.2% at the end of 2024 – Finance Ministry

Armenia's public debt at the end of 2024 increased by 6.2% compared to the same period in 2023, reaching about 5 trillion drams, said Armenian Finance Minister Vahe Hovhannisyan.

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

Armenian banks’ profits should be invested into various sectors- UBA head

Accumulated profits and funds of the banks should be directed to investments, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA), in response to a question from ARKA news agency about forecasts for 2025 and the readiness of banks to contribute to the capital market development.

Fitch: Armenia plans to issue Eurobonds in the first quarter of 2025

Armenian authorities are planning to issue Eurobonds in the first quarter of 2025 to repay a $313 million Eurobond maturing in March 2025, Fitch Ratings said in a report.

Thirty-five billion  drams worth government bonds auctioned at Armenian Stock Exchange

On March 11th, a 35 billion AMD government bonds allocation auction took place on the Armenia Stock Exchange. 

LATEST NEWS

spot_imgspot_imgspot_img