Average return on assets of Armenian insurance companies 4.58% as of end September

YEREVAN, November 26. /ARKA/. Average return on assets (ROA) of Armenian insurance companies was 4.58% as of the end of September as compared to 2.96% at the end of June.

An analysis made by ARKA Agency shows that Rasko tops the list of five leading companies by return on assets: its ROA was 17.72% as of the end of the third quarter as compared to 17.64% at the end of Q2.

The other four leading companies are as follows: Reso (10.08% against 3.09%), Nairi Insurance (9.05% against 3.14%), Garant-Limens (4.02% against 7.22%) and Ingo Armenia (1.41% against 1.25%).

At the same time, return on equity (ROE) of Armenian insurance companies was 11.83% as of the end of September, as compared with 7.28% at the end of June 2012. In ranking by ROE, Rasko is again the first: its ROE was 27.55% as compared to 27.03% in late June.

Reso has taken the second place (26.96% against 7.85%) followed by Nairi Insurance (22.68% against 7.51%), Garant-Limens (7.48% against 12.59%) and Ingo Armenia (5.76% against 4.93%). There were 7 insurance companies operating in Armenia at the end of September 2012. ($1=406.37drams).–0–

spot_img

POPULAR

Non-resident investment in dram bonds in Armenia has nearly doubled, Central Bank Board Member

A rather interesting picture of increased foreign investment is emerging in Armenia's capital market, said Armen Ktoyan, a member of the Board of the Central Bank of Armenia, in an interview with CivilNet.

Institutional Trust and Portfolio Diversification: Renshin LLC Bonds Debut on the AMX

A major milestone in the institutional alignment of Armenia’s financial and real sectors was recorded on July 8, as bonds issued by Renshin LLC—a leading real estate developer—were officially listed on the Armenian Securities Exchange (AMX).

Central Bank of Armenia named five key factors influencing inflation

In an interview with CivilNet, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, listed five factors influencing inflation in the country.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Converse Bank Completes the Placement of EBRD Bonds

Converse Bank acted as the EBRD's key partner throughout the transaction, arranging the bond issuance and the guaranteed placement of the bonds

LATEST NEWS

spot_imgspot_imgspot_img