UBA announced events aimed at increasing financial literacy of the  populationUBA announced events aimed at increasing financial literacy of the  population
Hakob Vardanyan to discuss issues related to construction of power  transmission line Iran-Armenia in TehranHakob Vardanyan to discuss issues related to construction of power  transmission line Iran-Armenia in Tehran
A. Anesyan: Slowdown in profit growth in Armenia`s banking system is  the result of fierce competition in the credit marketA. Anesyan: Slowdown in profit growth in Armenia`s banking system is  the result of fierce competition in the credit market
$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan
Armenian insurance sector in the first half of 2019 reduced tax  payments by 18.2%Armenian insurance sector in the first half of 2019 reduced tax  payments by 18.2%
Armenian communication operators in the first half of 2019 reduced  tax payments to the state budget by 23%Armenian communication operators in the first half of 2019 reduced  tax payments to the state budget by 23%
Converse Bank. Campaign for purchase of premium class carsConverse Bank. Campaign for purchase of premium class cars
Zohrab Mnatsakanyan confirms Armenia`s assistance to Egypt in  negotiations on an agreement on a free trade zone with the EAEUZohrab Mnatsakanyan confirms Armenia`s assistance to Egypt in  negotiations on an agreement on a free trade zone with the EAEU
Ministry of Finance: Armenia will withstand the first major repayment  of government debt in 2020 with honorMinistry of Finance: Armenia will withstand the first major repayment  of government debt in 2020 with honor
In h1 of 2019, Armenian banks sent about $ 62 million tax to the  state treasuryIn h1 of 2019, Armenian banks sent about $ 62 million tax to the  state treasury
Atom Janjughazyan does not see any risks related to possible  suspension of Amulsar mine developmentAtom Janjughazyan does not see any risks related to possible  suspension of Amulsar mine development
Zangezur Copper-Molybdenum Combine holds the leadership in list of  major taxpayers of Armenia for second consecutive yearZangezur Copper-Molybdenum Combine holds the leadership in list of  major taxpayers of Armenia for second consecutive year
Armenian government approved the investment program of three  companies, the total budget of which will be about $ 22 millionArmenian government approved the investment program of three  companies, the total budget of which will be about $ 22 million
NPL still exceeds 9% of loan portfolio in Armenian banking systemNPL still exceeds 9% of loan portfolio in Armenian banking system
Double increase of small businesses and export promotion: what does  Armenia promise with a document entitled Double increase of small businesses and export promotion: what does  Armenia promise with a document entitled "SME Development Strategy  for 2019-2023"
David Ananyan instructed to ensure high quality and continuity of  construction work for the timely delivery of vehicles customs  clearance center in GyumriDavid Ananyan instructed to ensure high quality and continuity of  construction work for the timely delivery of vehicles customs  clearance center in Gyumri
Applications for WCIT 2019 Lightning Rounds will be accepted until  the September 1Applications for WCIT 2019 Lightning Rounds will be accepted until  the September 1
Pashinyan: Armenian authorities attach importance to the inclusion of  leading airlines in the Armenian aviation market Pashinyan: Armenian authorities attach importance to the inclusion of  leading airlines in the Armenian aviation market 
YEDI: Armenia has great unrealized potentialYEDI: Armenia has great unrealized potential
Europe`s largest low-cost airline considers entering Armenia`s  aviation marketEurope`s largest low-cost airline considers entering Armenia`s  aviation market
Armenia`s GDP grew in the first half of 2019 to $ 5.6 billion from $  5.1 billion a year earlierArmenia`s GDP grew in the first half of 2019 to $ 5.6 billion from $  5.1 billion a year earlier
A court in Moscow refused to return to Rosgosstrakh its former  Armenian A court in Moscow refused to return to Rosgosstrakh its former  Armenian "daughter"
ACBA Leasing and GEFF hold a joint event to stimulate the development  of renewable energy in ArmeniaACBA Leasing and GEFF hold a joint event to stimulate the development  of renewable energy in Armenia
RA Ministry of Economy discusses RA Ministry of Economy discusses "Strategy for Sustainable  Development of Armenia`s Agriculture"
Avinyan: GDP growth of Armenia in H1 of 2019 increased by 6.8% per  annum  Avinyan: GDP growth of Armenia in H1 of 2019 increased by 6.8% per  annum  
IMF Director of Middle East and Central Asia Department: IMF ready to  assist Armenia in implementing reformsIMF Director of Middle East and Central Asia Department: IMF ready to  assist Armenia in implementing reforms
The concept of cross-border information interaction of the EAEU was  approvedThe concept of cross-border information interaction of the EAEU was  approved
Chairman of Central Bank of Armenia receives IMF delegationChairman of Central Bank of Armenia receives IMF delegation
Pashinyan: Large taxpayers increased payments to the budget - some as  much as 122%Pashinyan: Large taxpayers increased payments to the budget - some as  much as 122%
Armenia joins Georgia`s top five exporting countriesArmenia joins Georgia`s top five exporting countries

 Currency Market

 Indicators



 Banks bonds

Armenian insurance sector in the first half of 2019 reduced tax  payments by 18.2%

 Thursday, August 22 2019 20:08:00
Armenian insurance sector in the first half of 2019 reduced tax  payments by 18.2%

ArmInfo. In the first half of 2019, the insurance sector of Armenia paid taxes at 928.5 million drams, which is 18.2% lower than the indicator a year ago. Of this  amount, 246.8 million drams accounted for income tax, which is 38.5%  lower than last year. According to the RA State Revenue Committee,  according to the results of the first half of 2019, only "Armenia  Insurance" IC was not included in the list of 1000 largest taxpayers  of Armenia from the functioning 6 insurance companies.

A court in Moscow refused to return to Rosgosstrakh its former  Armenian "daughter"
 Wednesday, August 21 2019 11:03

ArmInfo.The Tenth Arbitration Court of Appeal, following the lower court, denied the  lawsuit by Rosgosstrakh, which demanded to recognize as invalid the  sale of 100% of the shares of Rosgosstrakh-Armenia, a subsidiary of  the Cypriot company Cimarex Management by the former management,  ''Prime'' reports.

>>>
Armenian insurance companies paid previously unpaid taxes in the  amount of 138 million drams to the state treasury
 Tuesday, August 13 2019 16:03

ArmInfo.In 2018, the State  Revenues Committee of Armenia initiated criminal cases against  insurance companies of the republic, with the exception of one.  Deputy chairman of the State Revenue Committee (SRC) of Armenia  Edward Hovhannisyan announced this on August 13 at a meeting with  reporters.

>>>
Annual growth in insurance premiums for OSAGO and health insurance is  slowing
 Thursday, August 1 2019 19:03

ArmInfo. In the first half of 2019, Armenian insurers reimbursed AMD 11.9 billion or $ 24.9 million for different classes (the figures are given from the reports of UK  portfolios according to the standards of the Central Bank of the  Republic of Armenia).

>>>
FinRating ArmInfo: insurance premiums and indemnities in Armenia  slowed growth by July 1, 2019
 Thursday, August 1 2019 17:23

ArmInfo.  Premiums of Armenian  insurance companies increased in the first half of 2019 by 18.7% per  annum, with an increase in indemnities of 16.5%, while a year earlier  the rates were higher - 30.6% and 30.1%, respectively.

>>>
The total net profit of Armenia`s IC in the first half of 2019 jumped  by 71% per annum
 Wednesday, July 31 2019 15:02

ArmInfo.In the first half of 2019, the total net profit of insurance companies of Armenia increased by 71% per annum (against a decline of 65.1% a year  earlier), reaching 757.8 million drams or $ 1.6 million. According to  the Financial Rating of insurance companies of Armenia prepared by IC  ArmInfo, due to higher growth rates of insurance premiums (18.7%),  rather than refunds (16.5%), against almost the same high growth and  premiums and refunds a year earlier - 30.6% and 30.1% respectively.  Only for the II quarter of 2019, the net profit of insurers increased  4 times, against the background of a significant decline in premiums  with a meager increase in refunds.

>>>
In the insurance market of Armenia, the corporate component dominates  in premiums, and retail
 Wednesday, July 31 2019 14:35

ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers in the first half of 2019 amounted to 44.1% (11.6 billion drams), corporate  - 55.9% (14.7 billion drams), against almost similar figures a year  earlier - 44.7% and 55.3%, respectively. According to the data of the  Financial Rating of insurance companies of Armenia, prepared by  ArmInfo Investment Company, the retail insurance market capacity  accelerated annual growth to 18.1% from 6% in the first half of 2018,  along with which the growth of corporate insurance slowed  significantly from 58.2% to I half of 2018

>>>
"Rosgosstrakh Armenia" continues to lead among insurance companies in  list of major taxpayers in Armenia
 Friday, May 24 2019 18:33

ArmInfo. Following the results of the Q1 of 2019, the insurance sector of Armenia paid taxes of 633.9 million drams ($ 1.3 million), which is 11.8% more than a year  ago.  Of this amount, 86% or 542.3 million drams were paid on direct  taxes (including income tax and profits tax). According to the RA  State Revenue Committee, all 6 insurance companies operating in the  market were included in the list of the top 1000 taxpayers of Armenia  during the reporting period.

>>>
ArmInfo Financial Rating: Insurance premiums and reimbursements in  Armenia slowed growth by April 1, 2019
 Tuesday, April 30 2019 12:56

ArmInfo. The premiums of Armenian insurance companies increased by 17.6% per annum in the first quarter of 2019, with a rise in refunds of 11.9%, while the year before the rates were higher - 47.9% and 26% respectively. In the first quarter  of 2019 alone, premiums increased by 59.8%, with a drop in payments  of 6.8%, against premium growth of 36.1% and a fall in refunds of  22.2% in the first quarter of 2018. By April 1, 2019, the cumulative  amount of insurance premiums was 16.3 billion drams, and the amount  of insurance claims was 6.1 billion drams (figures are from IC  reports on IFRS standards).

>>>
Following the results of the first quarter of 2019, in the insurance  market of Armenia, the corporate component dominates in premiums, and  retail
 Monday, April 29 2019 17:51

ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers in the first quarter of 2019 amounted to 34.2% (5.6 billion drams),  corporate - 65.8% (10.9 billion drams), against 36.8% and 63.2%  respectively a year earlier.

>>>
ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019
 Monday, April 29 2019 14:46

ArmInfo. The loss ratio  of compulsory motor third party liability insurance (CMTPL) in Armenia increased on average from 62.9% in the first quarter of 2018 to 64.5%  in the first quarter of 2019 (without deduction of reserves), and  according to the Bureau of Auto Insurers - from 71.1% to 73.7% (after  deduction of reserves).

>>>
Head of Ministry of Emergency Situations doubts effectiveness and  justification of anti-hail stations and calls for thinking about  introduction of agricultural insurance
 Friday, April 19 2019 14:30

ArmInfo. The Minister of Emergency Situations of Armenia, Feliks Tsolakyan, calls for concentrating not on anti-hail stations, but on networks and insurance of agricultural  risks in the fight against hail. He stated this on April 19 at a press conference.

>>>
RA Ministry of Agriculture: Agricultural loans under the state  subsidy program are available at a rate of 5%, and 3% for farmers`  cooperatives 
 Thursday, March 14 2019 13:45

ArmInfo. As part of the state program of subsidizing agroloans, for beneficiaries loans are available at an interest rate of 5%. Moreover, if farmers unite into  cooperatives, the rate for this state program will be 3%.

>>>
Italian insurance broker Bruno Sforni may take up agricultural  insurance in Armenia
 Wednesday, March 6 2019 20:26

ArmInfo. First Deputy Minister of  Agriculture of Armenia received Bruno Sforni, Executive Director of  the Italian reinsurance brokerage company Bruno Sforni  S.p.A.According to the press service of the Ministry of Agriculture,  Bruno Sforni presented in detail the activities of the company he  headed, in particular, experience in the field of insurance of  agricultural risks.  He expressed interest in participating in the  program of introducing agro-insurance in the Republic of Armenia and  readiness to contribute, in particular, by providing consulting,  exchanging experience, and also implementing risk reinsurance in the  agricultural sphere. 

>>>
Pilot agricultural risk insurance program launched in Armenia for the  first time
 Thursday, February 28 2019 13:50

ArmInfo. For the first time in Armenia, pilot agricultural risk insurance program has been launched. On February 28, after the government meeting, answering the question  of ArmInfo, the First Deputy Minister of Agriculture of Armenia Gegham Gevorgyan said.

>>>
Rosgosstrakh Armenia "retains leadership among insurance companies in  the list of major taxpayers in Armenia
 Thursday, February 14 2019 17:07

ArmInfo. Following the results of 2018, the insurance sector of Armenia paid taxes of 2.3 billion drams, which is 14.8% less than a year ago. Of this amount,  91.3% or 2.1 billion drams was paid on direct taxes (including income  tax and profit tax). According to the RA State Revenue Committee,  according to the results of 2018, all 6 insurance companies operating  in the market were included in the list of the top 1000 taxpayers in  Armenia.

>>>
Agricultural insurance system introduced in Armenia for the first  time
 Thursday, February 14 2019 11:48

ArmInfo.An agricultural risk insurance system is introduced for the first time in Armenia.

>>>
In Armenia, growth of corporate insurance prevails over retail
 Tuesday, February 12 2019 19:00

ArmInfo.  The share of retail  insurance in the portfolios of premiums of Armenian insurers by the  end of 2018 was 51.8% (21.3 billion drams), corporate - 48.2% (19.7  billion drams).

>>>
Introduction of mandatory component accelerates growth of fees and  payments for health insurance
 Tuesday, February 12 2019 14:47

ArmInfo. In 2018, the Armenian  insurers reimbursed 22.8 billion drams or $ 47.1 million in different  classes (figures are from IC portfolio portfolios according to the  standards of the Central Bank of Armenia). During the reporting year,  reimbursement of insurers increased by 28.4%, against 24.9% growth  for 2017. At the same time, the insurance premiums of the Armenian  insurance companies recorded an y-o-y growth of 17.4% - up to 41.02  billion drams or $ 84.8 million, against 6.2% growth for 2017.

>>>
Growth of premiums for 2018 has accelerated in insurance market of  Armenia, but still yields to  increase in payments
 Tuesday, February 12 2019 12:44

ArmInfo. In the insurance market of Armenia, the growth of premiums for 2018 has accelerated, but so far it is inferior to the growth of payments - 17.6% against  25.3%, the same trend was observed in 2017 with more significant gap  - 5.7% against 30.4%.

>>>
Financial rating  of ArmInfo: Total net profit of insurance companies  of Armenia continues to sink
 Monday, February 11 2019 18:42

ArmInfo. The total net profit  of insurance companies of Armenia for 2018 declined by 67.6% (against  a decline of 58% in 2017), making 226.3 million drams or $ 0.5  million the growth of insurance claims from 24.9% to 28.4%, with a  moderate rise in insurance premiums - by 17.4% against 6.2% a year  earlier. On an annualized basis (2018 by 2017), a decrease in profits  was observed in five insurance companies, two of which reduced the  positive indicator by 6.5-54%, and three were at a loss, and one of  them moved down from the positive level, and only Nairi Insurance has  managed to increase profits.

>>>


Exchange rates
23.08.2019
RUB7.250.00
USD475.990.08
EUR526.40-1.00
GBP581.093.76
CAD357.40-0.75
JPY44.64-0.09
CNY67.45-0.06
CHF482.31-2.08


Experts
Artur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at allArtur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at all
HSBC Bank Armenia digitalizes cooperation with retail clients HSBC Bank Armenia digitalizes cooperation with retail clients 
AmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking systemAmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking system
Yulia Ustyugova: Armenia can get access to IMF “insurance line”Yulia Ustyugova: Armenia can get access to IMF “insurance line”
Armand Arton: The question whether citizenship should be granted in  return for investments is rather rhetoricalArmand Arton: The question whether citizenship should be granted in  return for investments is rather rhetorical
Former head of the Ministry of Finance: <Confrontation> with Lydian may cost much to ArmeniaFormer head of the Ministry of Finance: with Lydian may cost much to Armenia
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDPVardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital servicesHSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactoryBulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of  supply and demand is sleepingExpert: Recruitment market in Armenia from the point of view of  supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limitedExpert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change
Rouben Indjikian: Everyone should follow the established unified and fair rules of the gameRouben Indjikian: Everyone should follow the established unified and fair rules of the game
Mher Arakelyan:  Armenia`s payment business has great prospectsMher Arakelyan:  Armenia`s payment business has great prospects
Rating-Agentur Expert RA GmbH and AmRating issued an industry report  on Armenia`s banking systemRating-Agentur Expert RA GmbH and AmRating issued an industry report on Armenia`s banking system
Igor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care ofIgor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care of
Ara Khzmalyan: Armenia is comfortable to Russian touristAra Khzmalyan: Armenia is comfortable to Russian tourist
The Armenian delegation to the US followed the advice of President TrumpThe Armenian delegation to the US followed the advice of President Trump
Outflow of population and passivity of the Diaspora pushes property prices downOutflow of population and passivity of the Diaspora pushes property prices down

Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

Commented
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Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7
Concessionaire of Zvartnots International Airport promises to become  one of the best operators in the worldConcessionaire of Zvartnots International Airport promises to become  one of the best operators in the world
Arthur Javadyan: Central banks are not responsible for economic  growthArthur Javadyan: Central banks are not responsible for economic  growth
Forecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategyForecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategy
ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019
Overdue loans accelerate growth in banking system of ArmeniaOverdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in ArmeniaRA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in Armenia
Renco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in ArmeniaRenco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in Armenia
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
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Through the mobile banking application of Ardshinbank you can get a  loan in seconds.Through the mobile banking application of Ardshinbank you can get a  loan in seconds.
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
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Investment forum Investment forum "Energy Week 2018" to be held in Armenia
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The Armenian government suggests raising the minimum pension by 60%The Armenian government suggests raising the minimum pension by 60%
"Rad Sane Vashamir Group" is exempted from VAT payments for equipment imported to Armenia for three years
The updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of EnergyThe updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of Energy
Eurasian Development Bank wishes to expand its activities in ArmeniaEurasian Development Bank wishes to expand its activities in Armenia
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