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Armenian insurance sector’s loss rate down 1% in March

YEREVAN, April 19./ARKA/. The loss rate of Armenia’s insurance sector stood at 49% in March 2016 showing a one-percent decline, compared with the previous month, the Armenian Motor Insurers Bureau reports on its website.

In March 2015, the sector’s loss rate was recorded at 53%. The permissible loss rate in Armenia is set at 75-78%.

There were 437,424 registered motor vehicles in Armenia in late March 2016. This number is greater than that of the same month a year before by 11,285.

The mandatory motor insurance institution was introduced in Armenia on January 1, 2011.
The country’s insurance market is under the central bank’s control.

Six insurance companies operate in Armenia now. —0—-

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Insurance market of Armenia is in embryonic state

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Deposits in Armenian banks at the end of 2024 amounted to AMD 6.46 trillion

The amount of deposits in Armenia's commercial banks stood at AMD 6,463,958 million at the end of December 2024 against AMD 5,960,193 million at the end of September, according to the National Statistical Committee.

Fitch Ratings affirms ACBA Bank’s  Long-Term Foreign-Currency  Issuer Default Rating at ‘BB-‘ 

Fitch Ratings has affirmed ACBA Bank OJSC's (ACBA) Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'BB-' and its Viability Rating (VR) at 'bb-'.

Armenian banks’ lending in 2024 exceeded 6.5 trillion drams

The volume of loans issued by commercial banks in Armenia as of the end of December 2024 amounted to 6,538,702 million drams, compared to 6,016,519 million drams at the end of September, according to a report by the National Statistical Committee of the country.

Euro exchange rate rises 0.64 points to AMD 411.8

The average market exchange rate of the U.S. dollar to the Armenian dram on February 7, 2025, totalled 396.76 drams, down 0.07 points compared to February 6.

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