Tue, 1 July
28.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Armenian insurances companies earn 426.4 million drams in net profit in third quarter

YEREVAN, November 14. / ARKA /. Armenian insurances companies earned 426.4 million drams in net profit in the third quarter of 2013, down from 1.113 million drams they had earned in the third quarter of 2012.

According to ARKA news agency’s bulletin “Insurance Company of Armenia,” four companies reported profit, while three others – Rosgosstrakh- Armenia, Ingo Armenia and Reso – reported a total loss of 617.7 million drams.

According to the balance sheet data, Rosgosstrakh -Armenia suffered 407. 24 million drams in losses against 59.2 million drams in profit in the third quarter of 2012.

RESO reported 136.8 million drams in net loss versus 345.4 million drams earned as profit in the third quarter of 2012. Ingo Armenia’s loss amounted to about 73.6 million drams against 116.8 million drams earned as profit in the third quarter of 2012.

According to ARKA analysis, Nairi Insurance Company earned 413.2 million drams in profit, up from 259.3 million drams earned as profit a year before.

Garant- Limens reported 382.2 million drams in net profit. Armenia Insurance was said to have earned about 176.5 million drams in profit, down from 336 million drams a year before and Sil Insurance earned 72 million drams in profit against 103.48 drams reported as losses in the third quarter of 2012. -0-

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img