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ARKA News Agency Releases Fresh Issue Of Bulletin Indicators Of Arme

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  • ARKA News Agency Releases Fresh Issue Of Bulletin Indicators Of Arme

    ARKA NEWS AGENCY RELEASES FRESH ISSUE OF BULLETIN INDICATORS OF ARMENIAN INSURANCE COMPANIES PERFORMANCE

    ARKA
    June 1, 2010
    YEREVAN

    YEREVAN, June 1, /ARKA/. ARKA news agency has released a fresh issue
    of a quarterly bulletin 'Indicators of Armenian Insurance Companies
    Performance' for the first quarter of 2010.

    We would like to draw our clients' attention to the fact that in
    the first quarter of 2010 some Armenian insurance companies have
    shifted to IFRS financial reporting standards. As a result they have
    changed the alignment of items in their balance reports and financial
    statements. This divergence has brought about some problems for ARKA
    news agency to continue releasing the bulletin in its previous format.

    This is why we have to present a shortened version of the bulletin
    that includes only part of basic indicators. But once all insurance
    companies shift to single accounting standards we shall start compiling
    the bulletin with all indicators.

    The quarterly bulletin is compiled based on officially published
    financial statements of insurance companies. The 8-page bulletin
    contains tabulated information reflecting different aspects of
    insurance companies' activity. It consist of 6 chapters; 1. General
    description of insurance companies, 2. Assets, 3. Liabilities, 4.

    Capital, 5, Chartered capital, 6. Financial Results of Insurance
    Companies Activity.

    ARKA information agency was established in 1996. It is specialized
    in reporting on financial, economic and political news. It issues
    several bulletins, including a quarterly bulletin Basic Indicators of
    Armenian Banks (since 1999), Credit Organizations of Armenia (since
    2005), Financial Indicators of Banks (since 2006) and Indicators of
    Insurance Companies Performance since 2008.




    From: A. Papazian
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