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  • Archive for August 17th, 2016

    Insurance companies collected 9.2 billion drams in six months as premiums for mandatory insurance of vehicles

    Wednesday, August 17th, 2016

    Six Armenia-based insurance companies collected a total of 9.2 billion drams in the first half of 2016 as premiums for mandatory insurance of vehicles and paid 3.9 billion drams in damage compensation claims

    Armenian banks’ reserves for possible losses on loans grew by 11.7% to 93.5 billion drams

    Wednesday, August 17th, 2016

    In the second quarter of 2016 Armenia’s commercial banks increased their reserves for possible losses on loans by 9.7 billion drams or 11.7% to 93.5 billion drams. According to ARKA news agency’s bulletin “Banks of Armenia”, these reserves grew by 3.89% from the beginning of the year

    Armenian central bank auctions mid-term and short-term government bonds

    Wednesday, August 17th, 2016

    Armenia’s Central Bank said today it had auctioned August 16 some 4,847,500,000 drams worth mid-term government bonds of AMGN36294194 issue with a maturity of up to 29 April 2019