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EQUITY CAPITAL OF ARMENIAN INSURANCE COMPANIES TOTAL 6.6BLN DRAMS BY END OF MARCH
ARKA
May 12, 2008
YEREVAN, May 12. /ARKA/. Equity capital of ten insurance companies
operating in Armenia had totaled 6.6bln drams by the end of March
against 5.3bln drams by the end of 2007, the Press Service of the
Central Bank of Armenia (CBA) reported.
Accumulated profit of insurance companies had totaled 587.4mln drams by
the end of the quarter and has remained unchanged since the beginning
of the year with the profit over the period being 315.6mln drams.
The insurance companies' authorized stock had totaled 5.8bln drams
by the end of March as compared with 4.6bln drams at the beginning
of the year.
Total assets of the insurance companies had amounted to 9.4bln drams by
March 31 as compared with 8.4bln drams by the end of December 31, 2007.
Monetary funds totaled 96.6mln drams against 82.8mln drams at the
beginning of this year.
The Central Bank of Armenia (CBA) has been exercising supervision
over Armenia's insurance market since January 1, 2006.
Ten insurance companies and three insurance brokers currently operate
in Armenia. ($1=306.95 drams).
ARKA
May 12, 2008
YEREVAN, May 12. /ARKA/. Equity capital of ten insurance companies
operating in Armenia had totaled 6.6bln drams by the end of March
against 5.3bln drams by the end of 2007, the Press Service of the
Central Bank of Armenia (CBA) reported.
Accumulated profit of insurance companies had totaled 587.4mln drams by
the end of the quarter and has remained unchanged since the beginning
of the year with the profit over the period being 315.6mln drams.
The insurance companies' authorized stock had totaled 5.8bln drams
by the end of March as compared with 4.6bln drams at the beginning
of the year.
Total assets of the insurance companies had amounted to 9.4bln drams by
March 31 as compared with 8.4bln drams by the end of December 31, 2007.
Monetary funds totaled 96.6mln drams against 82.8mln drams at the
beginning of this year.
The Central Bank of Armenia (CBA) has been exercising supervision
over Armenia's insurance market since January 1, 2006.
Ten insurance companies and three insurance brokers currently operate
in Armenia. ($1=306.95 drams).