Armenia Banking Market Registering a CAGR of 8.5% from 2019-2026 | Ameriabank CJSC,ARARATBANK OJSC,ArmSwissBank CJSC,Converse Bank CJSC,HSBC Armenia

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.

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Key Players:

  • Ameriabank CJSC
  • ARARATBANK OJSC
  • ArmSwissBank CJSC
  • Converse Bank CJSC
  • HSBC Armenia
  • ID Bank
  • ACBA-CREDIT AGRICOLE BANK CJSC
  • ArmBusinessBank CJSC
  • Ardshinbank CJSC
  • Inecobank CJSC.

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).

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Competitive scenario:

The study assesses factors such as segmentation, description, and applications of Armenia Banking industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Major highlights of the report:

  • An all-inclusive evaluation of the parent market
  • The evolution of significant market aspects
  • Industry-wide investigation of market segments
  • Assessment of the market value and volume in the past, present, and forecast years
  • Market share evaluation
  • Study of niche industrial sectors
  • Tactical approaches of the market leaders
  • Lucrative strategies to help companies strengthen their position in the market.

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