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Tag: Insurance market

Mergers and portfolio handovers expected in Armenian insurance market in 2016-2018

Insurance
The number of insurance companies in Armenia is expected to reduce over a period between 2016 and 2018 because of mergers or portfolio handovers

ARKA News Agency releases fresh issue of bulletin ‘insurance companies of Armenia’

Insurance
ARKA News Agency has released a fresh issue of its regular bulletin “The Insurance Companies of Armenia” for the first quarter of 2014

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

Insurance
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

Aggregate liabilities of Armenian insurance companies 23.6bln drams at end September

Insurance
Aggregate liabilities of Armenian insurance companies were about 23.6bln drams as of the end of September 2012, a reduction of 6.3% over the third quarter

Armenian insurance companies net profits for nine months slash by 48 percent to 1.2 billion drams

Insurance
Net profits of Armenian insurance companies in January-September 2012 contracted by 48 percent from a year before to about 1.2 billion drams

INGO Armenia plans to more than double premiums this year

Insurance
INGO Armenia insurance company plans to increase insurance premiums by 220% this year form 2011 to 9.5 billion drams, the company’s executive director Levon Altunian told a news conference September 19

Armenian insurance companies’ aggregate assets grow 9.8% to AMD 39.2 billion

Insurance
Armenian insurance companies’ aggregate assets reached AMD 39.2 billion by

Ingo Armenia supports jazz concerts

Insurance
Ingo insurance company is supporting Jazz Evenings, a series of concerts in Yerevan on June 9-13

Bank lending to residents grows by 3.7 percent to 1.4 trillion drams

Banks
The amount of loans provided by Armenian commercial banks to resident customers increased by 3.7 percent in May as opposed to the previous months of April

Armenian Central Bank registers merger of two insurance companies

Insurance
Armenia’s Central Bank has approved a merger of Cascade Insurance and INGO Armenia insurance companies. A statement on Russian Ingosstrakh insurance company

ARKA News Agency published “Insurance companies of Armenia” newsletter

Insurance
ARKA News Agency published the regular quarterly newsletter “Insurance companies of Armenia” for the first quarter of 2012

Armenian insurers lost AMD 688.3 mln in I quarter

Insurance
Net loss of Armenian insurance companies is over 688.3 million drams in the first quarter of 2012 against net income of 1.2 billion drams in the first quarter of a year earlier

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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