Armenia-based insurance companies earned 4.058 billion drams in net profit in 2016, up from 2.672.8 billion drams in 2015

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21.02.2017 16:45

YEREVAN, February 21. /ARKA/. Armenia-based six insurance companies earned a total of 4.058 billion drams in net profit in 2016, up from 2.672.8 billion drams they had earned in 2015 (51.8% increase), according to ARKA news agency’s bulletin "Insurance Companies of Armenia" for the fourth quarter of 2016. All six companies closed the past year with a profit, whereas in 2015 two companies reported losses.

The leading company by size of net profit was Rosgosstrakh-Armenia, which earned 1.636.9 billion drams, up from 1.131.7 billion drams earned in 2015 (a 44.6% growth). It was followed by Ingo Armenia with 939.4 million drams worth net profit (93.7% growth), Nairi Insurance - 882.9 million drams (33.9% growth), Armenia Insurance – 384.3 million drams (decline of 9.5%), RESO – 205.3 million drams (in 2015 it reported 16.4 million drams worth losses) and Sil Insurance - 9 million drams (in 2015 it sustained 11.6 million drams worth losses).

The assets of Armenian insurance companies by the end of 2016 stood at 43.4 billion drams (a 13.2% growth from 2015); their liabilities amounted to 23.9 billion drams (growth by 8.8%) and their capital was worth 19.5 billion drams ( increase of 19.2%). ($ 1 - 486.81 drams) -0-

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Armenian insurance companies report 63% surge in net profit

16.11.2016 16:10

The net profit of six Armenia-based insurance companies in the first 9 months of 2016 amounted to 3.895.5 billion drams, up from 2.394.1 billion drams they had earned in the same period of 2015

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Armenian insurance companies’ profits expected to double in 2016-2018

25.08.2016 13:26

Armenia’s insurance companies expect that their profits will be growing throughout three years and will double by late 2018, 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 banks

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Unibank’s 1st Q 2016 profit amounts to AMD 212 million

11.05.2016 14:01

Unibank’s 1st Q 2016 profit amounts to AMD 212 million, the press office of the bank reported o Wednesday

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Kamurj closes 2015 with 300 million profit

16.02.2016 18:02

‘Kamurj’ universal credit organization said today it had closed 2015 with a profit of 370 million drams. It said also its assets stood at 15.6 billion drams at the end of last year and its loan portfolio was worth about 12 billion drams

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Net income of Armenian insurance companies in the first 9 months of 2015 grew to 2.394.1 billion drams

25.11.2015 21:08

Net income of Armenia-based six insurance companies in the first 9 months of 2015 grew to 2.394.1 billion drams from 2.056.3 billion drams in the same time span of 2014

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Top five profit-gainers among Armenian banks

26.10.2015 19:04

Aggregate profits of Armenia’s banks for Jan-Sept 2015 totaled about AMD 23.1 billion – 53.4% less than at the same period a year before

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Armenian banks see their net profit for 9 months slash by 53 percent

22.10.2015 11:26

In the first nine months of 2015 Armenian commercial banks saw their net profits slash by 53.3% year-on-year – from about 13.130 billion drams to about 8.130 billion drams, according to ARKA news agency’s financial and economic bulletin “Banks of Armenia” (performance of Armenian banks in the third quarter of 2015)

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Net profits of Armenian banks slashed by almost 55% in first half

20.07.2015 21:02