Armenian banks’ ranking by loan portfolio size in first quarter of 2023

Banks

YEREVAN, April 21.  /ARKA/. In the first quarter of 2023, Armenia’s banks’ loan portfolio grew by 3.4% to over AMD 4.3 trillion as of 31.03.2023.

According to ARKA news agency’s ranking as of March 31, 2023, Ameriabank was the leader in terms of loan portfolio size, which grew by 6.9% yoy to 786 bln drams.

Ardshinbank was second with AMD 531.8 bln loan portfolio (0.1% growth). Armbusinessbank was third with AMD 502 bln loan portfolio (0.5% growth).

ARKA news agency’s bulletin “Banks of Armenia” is compiled on the basis of Armenian banks’ financial statement published in accordance with International Financial Reporting Standards (IFRS).

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