Volume of compensations in January-February in Armenia was about 1.3 billion drams

YEREVAN, March 23. /ARKA/. Insurance companies of Armenia in January-February paid 5 955 compensations for mandatory car insurance  in the total amount of about 1 278.3 million drams, says the site of  Motor Insurers’ Bureau of Armenia.
According to the press-release, in Armenia as of February 29 over 311.2 thousand vehicles were insured, the number of applications for compensations was about 6.8 thousand, and applications has not been satisfied in 112 cases.
At present, compensations in the total amount of 109.7 million drams are in the process of payment.
The size of insurance premiums in January was about 7.3 billion drams.
Today eight companies operate in the insurance market of Armenia.
The institute of mandatory insurance of liability operates in Armenia since January 1, 2011. Control over the insurance market is implemented since January 1, 2006 by the Central Bank of Armenia where the system of unified financial control is operating. ($1-387.93 drams). –0–

spot_img

POPULAR

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

IMF Improves Armenia’s GDP Growth Forecast to 5.3% in 2026

The International Monetary Fund (IMF) forecasts real GDP growth for Armenia at 5.3% in 2026 and 5.5% in 2027, according to the April World Economic Outlook, published on April 14.

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

VTB (Armenia) Expands Payment Options for Russian Tourists

Ahead of the tourist season, VTB (Armenia) is strengthening its acquiring infrastructure, expanding its network and introducing digital payment solutions.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

LATEST NEWS

spot_imgspot_imgspot_img