The Armenia banking market was valued at $519 million in 2018, and is expected to reach $996 million by 2026, registering a CAGR of 8.5% from 2019-2026. A bank is a financial institution licensed to accept deposits from the public and create credit in the market. The banking system operates into corporate banking, retail banking, investment banking, wholesale banking, and other such banking segments globally. It provides various products and services such as wealth management, credit and cash management, currency exchange, and other financial transactions and services in the industry. The banking system is highly regulated in most of the countries, responsible for ensuring financial stability and protecting depositors' funds, regulate exchange rates to control inflation, and other such allied activities in the banking sector.
In Armenia, Central Bank of Armenia (CBA) is a single regulator responsible for the protection of consumer rights and other activities in the financial system of the country. The banking system is the biggest part of the financial market and is highly dominated by banks that account for 88% of the total assets of the system. It has 17 commercial banks operating in the Republic of Armenia, and all commercial banks are currently participating in exchange trading of Armenia.
The Armenia banking market is segmented on the basis of sector and type. On the basis of sector, it is segmented into retail banking, corporate banking, and investment banking. By type, it is bifurcated into closed joint-stock company (CJSC) and open joint-stock company (OJSC).
KEY BENEFITS FOR STAKEHOLDERS
o The study provides an in-depth analysis of the Armenia banking market share with the current trends and future estimations of the market.
o A comprehensive analysis of the factors that drive and restrict the market size is provided.
o A comprehensive quantitative analysis is provided from 2019 to 2026 to assist market stakeholders to capitalize on the prevailing market opportunities.
o An extensive analysis of the key segments of the industry helps understand the market trends.
o The key players and their strategies are provided to understand the competitive outlook of the market forecast.
KEY MARKET SEGMENTS
o By Sector
o Retail Banking
o Corporate Banking
o Investment Banking
o By Type
o Closed Joint-Stock Company (CJSC)
o Open Joint-Stock Company (OJSC)
KEY PLAYERS PROFILED
o Ameriabank CJSC
o ARARATBANK OJSC
o ArmSwissBank CJSC
o Converse Bank CJSC
o HSBC Armenia
o ID Bank
o ACBA-CREDIT AGRICOLE BANK CJSC
o ArmBusinessBank CJSC
o Ardshinbank CJSC
o Inecobank CJSC
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The other players in the market include (profiles not included in the report) the following:
o UniBank OJSC
o VTB Bank Armenia CJSC
o Artsakhbank CJSC
o Evocabank CJSC
o Mellat Bank CJSC
The report constitutes:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Armenia Banking Market, By Sector
Chapter 5: Armenia Banking Market, By Type
Chapter 6: Company Profiles
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