Mon, 25 August
30.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian insurance companies expect their annual net profit to grow to 2.9 billion drams in 2014

YEREVAN, October 19. / ARKA /. Armenia’s insurance companies expect their average net profit in  2012-2014 to grow by almost 20 percent annually to  2.9 billion drams, up from  1.66 billion dram growth in 2011,  the Central Bank of Armenia says in a report posted on its official website.
Insurance companies predict also a 13.7 percent annual growth of interest income in 2012-2014 to 2.8 billion drams in 2014, up from 1.9 billion drams in 2011.

The volume of non-interest income in 2014 is expected to reach 231.1 million drams. At the same time, non-interest expenses in 2012-2014 are expected to grow by 9.9% annually to 8.3 billion drams in 2014, up from 6.3 billion drams in 2011.

Return on assets (ROA) and return on equity (ROE) growth of insurance companies in 2014 are projected at  7.1% and 15.9% respectively, up from  5.8% and 12.1% respectively in 2011, the  Central Bank  said. ($406.13 drams). -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

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.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img