List of banks in Armenia

Last updated

This is a list of banks in Armenia.

Central bank

Commercial banks

As of 4 November 2024, there are 18 commercial banks operating in Armenia. This includes: [2]

Contents

RankNameFoundedHQ#
branches
#
employees
Assets
Dec 2017
million AMD
Assets
Dec 2017
million USD
SWIFT
1 "Ameriabank" CJSC [3] 1910 Yerevan 14695677,7221,400ARMIAM22
2 "AMIO BANK" CJSC [4] 1991 Yerevan 53898574,9441,188ARMNAM22
3 "Ardshinbank" CJSC [5] 2003 Yerevan 641,154568,2731,174ASHBAM22
4 "Acba bank" OJSC [6] 1996 Yerevan 581,348311,023642AGCAAM22
5"Inecobank" CJSC [7] 1996 Yerevan 26950277,842574INJSAM22
6 "Converse Bank Corp" [8] 1993 Yerevan 31710252,736522COVBAM22
7 "VTB Bank Armenia" CJSC [9] 1993 Yerevan 671,201216,060446ARMJAM22
8 "ARARATBANK" OJSC [10] 2004 Yerevan 61884212,602439ARMCAM22
9 "HSBC Bank Armenia" CJSC [11] 1996 Yerevan 7414208,649431MIDLAM22
10 "UniBank" OJSC [12] 2001 Yerevan 45785203,221420UNIJAM22
11 "ARMECONOMBANK" OJSC [13] 1991 Yerevan 50872190,803394ARECAM22
12 "ArmSwissBank" CJSC [14] (not retail banking)2004 Yerevan 1110162,020335ARSJAM22
13 "ArtsakhBank" CJSC [15] 1996 Yerevan 23492137,339284ARTSAM22
14 "ID Bank" CJSC [16] 1990 Yerevan 14405131,931273ANIKAM22
15 "EVOCABANK" CJSC [17] 1990 Yerevan 11254105,532218PRMLAM22
16 "Byblos Bank Armenia" CJSC [18] 1992 Yerevan 28085,120176AEIEUS33
17 "Mellat Bank" CJSC [19] 1995 Yerevan 15146,26696BKMTAM22
18 Fast Bank 2022 Yerevan 35100030,10078FCAOAM22
-Summary--52511,1754,362,0839,010-

Rankings

Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year. The growth was 87.2%. All 17 banks closed the first quarter with a profit. The top five banks in terms of net profit growth were Artsakhbank, Ameriabank, Ardshinbank, Acba bank and Inecobank. [20]

Ameriabank was leading by size of assets by the end of 2017. The top five largest banks in terms of assets were Ameriabank, Armbusinessbank, Ardshinbank, Acba bank and Inecobank, which accounted for 55.8% of all assets. [21]

Out of 17 banks 15 were profitable in 2017. The top five banks by size of net profit were Ameriabank, Inecobank, Ardshinbank, Acba bank and IDBank. Ameriabank was the most profitable bank posting a total of 7.6 billion drams of net profit, an increase of 23.89% over the previous year. [22]

According to data from first 3 quarters of 2017 the five leading banks in terms of mortgage portfolios are Ardshinbank, Converse Bank, Ameriabank, Araratbank and HSBC Bank Armenia, which account for 53.2% of the total mortgage lending. [23]

Ratings

Fitch Ratings’ bank sector outlook for Armenia in 2018 remains stable. [24]

Development banks/representative offices

Below is a list of regional and international banks which have operations in Armenia:

Former commercial banks

See also

References

  1. Central Bank of Armenia
  2. "List of banks in Armenia provided by the Central Bank of Armenia".
  3. Ameriabank
  4. Amio Bank
  5. Ardshinbank
  6. ACBA-Credit Agricole Bank
  7. Inecobank
  8. Converse Bank
  9. VTB Armenia
  10. Araratbank
  11. HSBC Bank Armenia
  12. Unibank Armenia
  13. ArmEconomBank
  14. ArmSwissBank
  15. "Artsakhbank". Archived from the original on 2020-08-10. Retrieved 2020-11-26.
  16. "Anelik Bank". Archived from the original on 2008-03-31. Retrieved 2008-03-16.
  17. "Prometey Bank". Archived from the original on 2017-09-22. Retrieved 2008-03-16.
  18. Byblos Bank Armenia
  19. Mellat Bank
  20. "Ranking of most profitable Armenian banks in quarter one, 2018". ArmBanks.am. Retrieved 2018-05-06.
  21. "Ranking of Armenian banks by size of assets in 2017". ArmBanks.am. Retrieved 2018-03-22.
  22. "ARKA presents ranking of most profitable banks in 2017". ArmBanks.am. Retrieved 2018-03-22.
  23. "Five Armenian banks account for more than half of mortgage lending". ArmBanks.am. Retrieved 2018-03-22.
  24. "Fitch's bank sector outlook for Armenia in 2018 remains stable". ArmBanks.am. Retrieved 2018-03-22.
  25. "ARKA News Agency presents top 10 events in Armenian financial market in 2017". ArmBanks.am. Retrieved 2018-03-22.
  26. "The EBRD in Armenia".
  27. "Armenia" . Retrieved 2018-04-13.
  28. "IMF Resident Representative Office in Armenia".
  29. "Overview".
  30. https://www.bstdb.org/countries/armenia/membership.{{cite news}}: Missing or empty |title= (help)