{"id":23022,"date":"2011-05-12T10:22:51","date_gmt":"2011-05-12T10:22:51","guid":{"rendered":"https:\/\/armbanks.am\/2011\/05\/12\/232968\/"},"modified":"2024-12-15T12:51:20","modified_gmt":"2024-12-15T12:51:20","slug":"baghdasarov-announces-about-the-closure-of-insurance-company-a-s-g-but-not-its-sale","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/05\/12\/23022\/","title":{"rendered":"Baghdasarov announces about the closure of insurance company \u201cA.S.G.\u201d but not its sale"},"content":{"rendered":"<p><strong>YEREVAN<\/strong><strong>, May 12. \/ARKA\/.<\/strong> Well-known entrepreneur Mikhail Baghdasarov denied the information of selling the insurance company \u201cA.S.G.\u201d of the company \u201cRasco\u201d owned by him, writes the newspaper \u201cHayots Ashkhar\u201d (Armenian World).<\/p>\n<p>\u201cRating of national airline &#8211; the company \u201cArmavia\u201d increased and insurance now is implemented in English language. That is why there is no need to have an Armenian company. We just closed it but not sold\u201d, said Baghdasarov.<\/p>\n<p>He explained that \u201cA.S.G.\u201d Ltd. \u201chad not large insurance portfolio\u201d which was transferred to \u201cRasco\u201d Ltd. due to its closure. There are more insurance companies in the Armenian market, than subjects due to insurance.<\/p>\n<p>Earlier, Deputy Director of \u201cRasco\u201d Ltd. Grigor Ayvazyan said that insurance portfolio and liabilities of the company \u201cA.S.G.\u201d are in the phase of transferring to \u201cRasco\u201d Ltd.<\/p>\n<p>\u201cCentral Bank of Armenia gave preliminary permission for the transfer of \u201cA.S.G.\u201d portfolio. The final deal will be made by the results of negotiations maintaining the normatives defined by CBA\u201d, said Ayvazyan.<\/p>\n<p>\u201cA.S.G.\u201d Ltd. belonging to Baghdasarov mainly dealt with insurance risks of air transportation. It was registered on December 25, 2007. Charter capital of the company is 1136 million drams. As of December 31, 2010, the assets of the company were about 1.7 billion drams, total liabilities \u2013 610.1 million drams, total capital \u2013 about 1.1 billion drams. Net income in the second quarter of 2010 was 146.3 million drams.<\/p>\n<p>\u201cRasco\u201d Ltd. was established on August 30, 2004. Currently, the main shareholder of the company is CJSC Investment-Financial Corporation \u201cREGION\u201d with the share of 94.83%. Charter capital of the company is 968 million drams. As of December 31, 2010, the assets of the company were about 2.2 billion drams, total liabilities \u2013 624.7 million drams, total capital &#8211; over 1.5 billion drams. Losses of the company in the second quarter were 13.9 million drams. ($1 \u2013 372.24 drams).-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well-known entrepreneur Mikhail Baghdasarov denied the information of selling the insurance company \u201cA.S.G.\u201d of the company \u201cRasco\u201d owned by him.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12149,9216],"tags":[12903,12904,15891,15684,414],"class_list":{"0":"post-23022","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-insurance-market","7":"category-news","8":"tag-a-s-g","9":"tag-baghdasarov","10":"tag-insurance-2","11":"tag-rasco-2","12":"tag-414"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/23022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=23022"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/23022\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=23022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=23022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=23022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}