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Daily Archives: Jun 18, 2015

Armenian insurance sector’s loss rate on mandatory car insurance sheds 1% to 50%

Exchange market
The Armenian insurance sector's loss rate on mandatory car insurance was 50% in May 2015 – 1% lower than in the previous month, the Bureau of Car Insurers of Armenia reports on its website

Insurance companies paid 3.4 billion drams in 16,423 car insurance compensation claims in five months

Insurance
ix Armenia-based insurance companies paid a total of 3.4 billion drams in 16,423 car insurance compensation claims in the first five months of this year

Fitch publishes Armenian Ardshinbank’s IDR at “B+”, outlook negative

Banks
International Fitch Ratings agency has published Armenian Ardshinbank’s Long-term Issuer Default Rating (IDR) at “B+”, outlook negative, the bank’s press office reports

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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