Two banks in Armenia accounted for half of the growth in the banking sector’s assets and loan portfolios in the third quarter

YEREVAN, October 23. /ARKA/. Ardshinbank and Ameriabank accounted for 50.30% of the net growth in assets and 51.58% of the net growth in loan portfolios among Armenian banks during the third quarter of 2026, according to an operational bulletin from the ARKA news agency.

Assets

The aggregate assets of Armenian banks increased by 625.78 billion drams—or 4.52%—during the third quarter, reaching 14.46 trillion drams as of September 30.

The largest absolute growth was recorded by Ardshinbank (161.38 billion drams) and Ameriabank (153.36 billion drams). Their respective contributions to the sector’s net asset growth stood at 25.79% and 24.51%.

Fast Bank ranked third, with an increase of 83.16 billion drams, accounting for 13.29% of the sector’s growth. They were followed by IDBank, with 55.33 billion drams, and Inecobank, with 51.13 billion drams.

As of the end of September, Ardshinbank’s assets totaled 3.03 trillion drams, while Ameriabank’s reached 2.80 trillion drams. Together, the two banks accounted for 40.26% of the total assets of the Armenian banking sector.

Credit Exposures

In the third quarter, credit exposures of Armenian banks grew by 456.14 billion drams—an increase of 5.33%—reaching a total of 9.01 trillion drams.

Ameriabank led in terms of absolute growth, with an increase of 117.76 billion drams, followed closely by Ardshinbank, which saw an increase of 117.52 billion drams. Together, these two banks accounted for 51.58% of the sector’s net growth in credit exposures (25.82% and 25.76%, respectively).

Inecobank ranked third, with an increase of 59.37 billion drams, representing 13.02% of the sector’s growth. Next were ACBA Bank, with 45.53 billion drams, and Evocabank, with 28.72 billion drams.

As of September 30, the credit exposures of Ameriabank reached 2.07 trillion drams, while those of Ardshinbank stood at 1.78 trillion drams.

This report is based on the ARKA news agency bulletin, “Performance Indicators of Armenian Banks: Operational Data for the Third Quarter of 2026,” which is compiled using data from reports published by Armenian banks in accordance with International Financial Reporting Standards (IFRS).

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