ARMENIAN INSURANCE COMPANIES’ AGGREGATE EQUITY CAPITAL TO GROW TO AMD 11.3 BILLION BY LATE 2010
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ARKA June 12, 2008

Armenian insurance companies’ aggregate equity capital will grow
by AMD 5.3 billion to AMD 11.3 billion by late 2010, the Central
Bank of Armenia said in its review based on insurance companies’
business plans.

According to the review, the authorized capital will make 76.5% of
equity capital by December 31, 2010 and the profit accumulated by
the mentioned date 20.6% against 86.8% and 11.7% by late 2007.

An average annual growth of the authorized capital of insurance
companies was 23.4% and that of the accumulated profit was 56.5%.

The Central Bank considered business plans composed by ten of the
twelve insurance companies functioning in Armenia now. ($1- AMD
307.26).