YEREVAN, February 25. /ARKA/. The aggregate net profits of Armenia’s insurance companies has shrunk 69% to AMD 215.4 million in 2018 from AMD 699.5 million in 2017, according to ARKA News Agency’s bulleting ‘Insurance Companies of Armenia’.

The news agency’s analysis shows that of the country’s six insurance companies, three – Ingo Armenia, Armenia Insurance and Nairi Insurance – ended the year 2018 with profits, while the other three – RESO, Gosstrakh-Armenia and Sil Insurance - sustained losses that year.

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Tags: Armenia, INSURANCE COMPANIES, profits

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Six insurances companies operating in Armenia earned a total of 1.48 billion drams in net profit in 2017, down from 3.7 billion drams they had earned in 2016, according to Arka news agency’s quarterly bulletin “Insurance Companies of Armenia” for the fourth quarter of 2017

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Tags: Armenia, INSURANCE COMPANIES, profits

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Armenian banks’ aggregate net profits grew 69.8% to AMD 29 billion in Jan-Sept 2017 from AMD 17.3 billion in the same period a year before

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Armenian investment companies’ undistributed profits grew 2.5 times in 2016, compared with the previous year, to AMD 1 951 million, the Central Bank of Armenia reports

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Armenian banks will end this year with profits, Andranik Grigoryan, chief of the Armenian central bank’s financial system stability and development division, told journalists on Friday

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The decline in Armenian banks’ net profits is caused by the drop in the banks’ interest rate spread, chairman of the Central Bank Arthur Javadyan said in an interview with ‘Zhamanak’ (Time) daily

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ARKA news agency has released a recurrent ranking of Armenian banks in terms of net profit earned in the first half of 2015

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Armenian credit organizations earned last year 6.2 billion drams in net profits, by 7.5% more than in 2012, according to “Credit Organizations of Armenia” bulletin for the IV quarter of 2013

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Tags: CREDIT ORGANIZATIONS, growth, profits

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Armeconombank earned AMD 345.5 million in profits in 2012 against AMD 497.3 million in 2011, Armen Naljyan, chairman of the bank’s board, told journalists on Friday

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Tags: ARMECONOMBANK, Armenia, profits

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Araratbank posts 2.2 billion drams in net profits for 2011.

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