Customer base of Armenian commercial banks reached 1, 322, 288 in November 2011

Banks

YEREVAN, February 8, /ARKA/. The customer base of Armenian commercial banks increased 3.1% to 1, 322, 288 as of November 2011 compared to October, Armenian National Statistics Service website reports.

Individuals amounted to 1, 252, 870 making up more than 94.8% of the customer base, a 3.2% increase from October.

The number of corporate customers shrank 0.6% to 69, 972 compared to October. There are 21 banks operating in Armenia. (($1- 388.11 drams).-0-

spot_img

POPULAR

Announces

Union of Banks: SMEs account for approximately 37% of Armenia’s economy and receive 60% of business loans

Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.
Economy

EBRD invested €3 billion in Armenia through 245 projects – Falcetti

The European Bank for Reconstruction and Development (EBRD) is one of the leading institutional investors in Armenia, and to date has invested over €3 billion in Armenia through 245 projects, 85% of which are in the private sector.
Loans

Assets of Armenian credit institutions increased by 11.87% to 882.4 billion drams in the first quarter of 2026

The total assets of Armenia's credit institutions as of March 31, 2026, amounted to 882.4 billion drams, an increase of 11.87% compared to March 31, 2025. This is evidenced by the consolidated financial report of the country's credit institutions.
Banks

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.
Capital market

Armenian Audit Firm Revenue Increased by 18% to AMD 16.2 Billion in 2025

At the end of 2025, the total revenue of audit firms (a combination of audit and other services) in Armenia amounted to approximately AMD 16.2 billion, representing an increase of approximately 18% compared to the previous year.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Three Armenian insurance companies paid last year 3.5 billion drams in compensations to owners of car insurances
Next article
Average interest rate on short-term loans drop by 0.42 percentage points in December