YEREVAN, August 25. /ARKA/. The number of insurance companies in Armenia is expected to reduce over a period between 2016 and 2018 because of mergers or portfolio handovers, the Central Bank of Armenia says in its report ‘Possible Developments of Armenia’s Banking Sector in 2016-02018’ based on programs of prospective development of Armenian insurance companies.

According to the report, several flagship companies will continue operating at the country’s insurance market, while other companies will occupy lower-level niches here.

New types of obligatory insurance will be introduced in Armenia, particularly mandatory medicare insurance.

Categories: General news, Insurance market, News, News of the hour | Comments Off on Mergers and portfolio handovers expected in Armenian insurance market in 2016-2018

Tags: Armenia, handovers, Insurance market, MERGING, Portfolio

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The loan portfolio of VTB Bank (Armenia) for midsized enterprises in Armenia reaches $200 million, vice-president and deputy head of VTB Bank Board Mikhail Oseevskiy told reporters

Categories: Banks @en, General news, News | Comments Off on Loan portfolio of VTB Bank (Armenia) on mid-scaled businesses reaches $200 million

Tags: Armenia, LOAN, Portfolio, VTB

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ACBA-CREDIT AGRICOLE BANK expects its loan portfolio in 2015 to make 205 billion drams, the Bank’s Chief Executive Officer Hakob Andreasyan said today

Categories: Banks @en, General news, News | Comments Off on ACBA-CREDIT AGRICOLE BANK expects its loan portfolio in 2015 to make 205 billion drams

Tags: ACBA-Credit Agricole bank, Armenia, Portfolio

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The aggregate retail portfolio of Russia’s banks is believed to shrink by 15% this year, Dmitry Olyunin, head of Rosbank, was quoted by Banki.ru as saying on Tuesday at his meeting with journalists

Categories: Banks @en, General news, News | Comments Off on Aggregate retail portfolio of Russia’s banks may shrink 15% in 2015

Tags: bank @en, Portfolio, Russia

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The aggregate loan portfolio of Armenia’s banks amounted to AMD 2 163 billion in 2014 after growing 21.2% over the year

Categories: Announces, Banks @en, General news, News, News of the hour, Ratings | Comments Off on Ranking of Armenian banks’ loan portfolios for 2014

Tags: Armenia, Portfolio, Ranking

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Anelik Bank’s deposit portfolio grew 50% in the third quarter of this year, compared with the same quarter a year before, to AMD 39 billion, the bank’s press office reports

Categories: Banks @en, General news, News | Comments Off on Anelik Bank's deposit portfolio grows 50% in third quarter

Tags: Anelik Bank, Deposit, Portfolio, quarter

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Eurasian Development Bank’s investments totaled $5.285 billion by early September, 2014, Igor Finogenov, head of the bank’s board, said in an interview with Izvestia

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Tags: DOLLAR, Eurasian Development Bank, Portfolio

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The World Bank Group President, Jim Yong Kim announced last week a series of measures aimed at strengthening the multilateral institution to enable it meet the evolving needs of clients

Categories: Economy @en, General news, News, News of the hour | Comments Off on World Bank to increase lending to $300 billion in next ten years

Tags: growth, Portfolio, World Bank

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Russia s Central Bank said today it has revoked the licenses of three small Moscow-based banks

Categories: Banks @en, General news, News, News of the hour | Comments Off on Russian Central Bank revokes licenses of three banks and one money transfer system

Tags: CBA, Portfolio, Russia

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The Russian-owned VTB Bank (Armenia) said its credit portfolio amounted to 215.876 billion drams at the end of September. According to a press release

Categories: Banks @en, General news, News, News of the hour | Comments Off on Credit portfolio of VTB Bank (Armenia) amounts to 215.876 billion drams in late September

Tags: growth, Portfolio, VTB Bank (Armenia)

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