  INGO Armenia insurance company to increase its authorized capital by AMD 200mln December 8, 2010 - 16:12 AMT PanARMENIAN.Net - INGO Armenia insurance company is going to increase its authorized capital by AMD 200mln to bring it to AMD 950mln. The capitalization will be implemented through direct investments of the company’s shareholders, the company’s press service reported. According to a decision of the Central Bank of Armenia, the norm for capital of insurance companies dealing with mandatory vehicle insurance will be increased from previous AMD 500mln to AMD 1.5bln. As of September 30, 2010, the company’s authorized capital totaled AMD 750.9mln, own capital – 1.6bln, assets – AMD 3.2bln, amount of premiums to insurer – AMD 1.54bln, paid compensations – AMD 335.3bln. The company’s net profit amounted to AMD 65.1mln over the first nine months.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
