Armenia Banking Market by Sector (Retail Banking, Corporate Banking, and Investment Banking) and Type (Closed Joint-Stock Company [CJSC] and Open Joint-Stock Company [OJSC]): Opportunity Analysis and Industry Forecast, 2019–2026
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.
Rise in adoption and implementation of digital banking technologies in the international financial system boosts the growth of the Armenian banking sector in the market. Moreover, continuous growth of small- and medium-sized enterprises (SMEs) in Armenia leads to large-scale financing and lending to SMEs in comparison with other countries, which in turn fuels the growth of the banking sector in the country. However, the financial sector is characterized by high dollarization at around 60%, which is one of the highest in the region. This financial dollarization of banks’ assets and liabilities leads to large scale foreign exchange and refinancing risks, which is expected to hamper the market growth. On the contrary, the country is set to introduce Basel III, providing an opportunity for banks to maintain capital buffers to cover bank losses during financial instability, and execute their existing offerings in the market. In addition, the liquidity rates of the banking system continue to stay high, providing an opportunity for banks to serve customers at the expense of liquidity means in the country.
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
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.
Rise in adoption and implementation of digital banking technologies in the international financial system boosts the growth of the Armenian banking sector in the market. Moreover, continuous growth of small- and medium-sized enterprises (SMEs) in Armenia leads to large-scale financing and lending to SMEs in comparison with other countries, which in turn fuels the growth of the banking sector in the country. However, the financial sector is characterized by high dollarization at around 60%, which is one of the highest in the region. This financial dollarization of banks’ assets and liabilities leads to large scale foreign exchange and refinancing risks, which is expected to hamper the market growth. On the contrary, the country is set to introduce Basel III, providing an opportunity for banks to maintain capital buffers to cover bank losses during financial instability, and execute their existing offerings in the market. In addition, the liquidity rates of the banking system continue to stay high, providing an opportunity for banks to serve customers at the expense of liquidity means in the country.
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
- The study provides an in-depth analysis of the Armenia banking market share with the current trends and future estimations of the market.
- A comprehensive analysis of the factors that drive and restrict the market size is provided.
- A comprehensive quantitative analysis is provided from 2019 to 2026 to assist market stakeholders to capitalize on the prevailing market opportunities.
- An extensive analysis of the key segments of the industry helps understand the market trends.
- The key players and their strategies are provided to understand the competitive outlook of the market forecast.
- By Sector
- Retail Banking
- Corporate Banking
- Investment Banking
- By Type
- Closed Joint-Stock Company (CJSC)
- Open Joint-Stock Company (OJSC)
- Ameriabank CJSC
- ARARATBANK OJSC
- ArmSwissBank CJSC
- Converse Bank CJSC
- HSBC Armenia
- ID Bank
- ACBA-CREDIT AGRICOLE BANK CJSC
- ArmBusinessBank CJSC
- Ardshinbank CJSC
- Inecobank CJSC
- UniBank OJSC
- VTB Bank Armenia CJSC
- Artsakhbank CJSC
- Evocabank CJSC
- Mellat Bank CJSC
CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.3.1. List of Key Players Profiled In The Report
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key Findings of The Study
2.2. Cxo Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Winning Strategies, 2018
3.3. Top Player Positioning, 2018
3.4. Porter’S Five Forces Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Robust Economic Growth
3.5.1.2. Increase In Small And Medium-Sized Enterprises (Smes)
3.5.1.3. Rise In Development of Digital Banking
3.5.2. Restraint
3.5.2.1. High Dollarization
3.5.3. Opportunity
3.5.3.1. Expansion of Products And Services
3.5.4. Impact Analyses
CHAPTER 4: ARMENIA BANKING MARKET, BY SECTOR
4.1. Overview
4.1.1. Market Size And Forecast
4.2. Retail Banking
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.3. Corporate Banking
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.4. Investment Banking
4.4.1. Key Market Trends, Growth Factors, And Opportunities
CHAPTER 5: ARMENIA BANKING MARKET, BY TYPE
5.1. Overview
5.1.1. Market Size And Forecast
5.2. Closed Joint-Stock Company (Cjsc)
5.3. Open Joint-Stock Company (Ojsc)
CHAPTER 6: COMPANY PROFILES
6.1. Ameriabank Cjsc
6.1.1. Company Overview
6.1.2. Company Snapshot
6.1.3. Product Portfolio
6.1.4. Key Strategic Moves And Developments
6.2. Araratbank Ojsc
6.2.1. Company Overview
6.2.2. Company Snapshot
6.2.3. Product Portfolio
6.2.4. Key Strategic Moves And Developments
6.3. Armswissbank Cjsc
6.3.1. Company Overview
6.3.2. Company Snapshot
6.3.3. Product Portfolio
6.4. Converse Bank Cjsc
6.4.1. Company Overview
6.4.2. Company Snapshot
6.4.3. Product Portfolio
6.4.4. Key Strategic Moves And Developments
6.5. Hsbc Armenia
6.5.1. Company Overview
6.5.2. Company Snapshot
6.5.3. Product Portfolio
6.5.4. Key Strategic Moves And Developments
6.6. Id Bank
6.6.1. Company Overview
6.6.2. Company Snapshot
6.6.3. Product Portfolio
6.6.4. Key Strategic Moves And Developments
6.7. Acba-Credit Agricole Bank Cjsc
6.7.1. Company Overview
6.7.2. Company Snapshot
6.7.3. Product Portfolio
6.8. Armbusinessbank Cjsc
6.8.1. Company Overview
6.8.2. Company Snapshot
6.8.3. Product Portfolio
6.9. Ardshinbank Cjsc
6.9.1. Company Overview
6.9.2. Company Snapshot
6.9.3. Product Portfolio
6.9.4. Key Strategic Moves And Developments
6.10. Inecobank Cjsc
6.10.1. Company Overview
6.10.2. Company Snapshot
6.10.3. Product Portfolio
6.10.4. Key Strategic Moves And Developments
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.3.1. List of Key Players Profiled In The Report
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key Findings of The Study
2.2. Cxo Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Winning Strategies, 2018
3.3. Top Player Positioning, 2018
3.4. Porter’S Five Forces Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Robust Economic Growth
3.5.1.2. Increase In Small And Medium-Sized Enterprises (Smes)
3.5.1.3. Rise In Development of Digital Banking
3.5.2. Restraint
3.5.2.1. High Dollarization
3.5.3. Opportunity
3.5.3.1. Expansion of Products And Services
3.5.4. Impact Analyses
CHAPTER 4: ARMENIA BANKING MARKET, BY SECTOR
4.1. Overview
4.1.1. Market Size And Forecast
4.2. Retail Banking
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.3. Corporate Banking
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.4. Investment Banking
4.4.1. Key Market Trends, Growth Factors, And Opportunities
CHAPTER 5: ARMENIA BANKING MARKET, BY TYPE
5.1. Overview
5.1.1. Market Size And Forecast
5.2. Closed Joint-Stock Company (Cjsc)
5.3. Open Joint-Stock Company (Ojsc)
CHAPTER 6: COMPANY PROFILES
6.1. Ameriabank Cjsc
6.1.1. Company Overview
6.1.2. Company Snapshot
6.1.3. Product Portfolio
6.1.4. Key Strategic Moves And Developments
6.2. Araratbank Ojsc
6.2.1. Company Overview
6.2.2. Company Snapshot
6.2.3. Product Portfolio
6.2.4. Key Strategic Moves And Developments
6.3. Armswissbank Cjsc
6.3.1. Company Overview
6.3.2. Company Snapshot
6.3.3. Product Portfolio
6.4. Converse Bank Cjsc
6.4.1. Company Overview
6.4.2. Company Snapshot
6.4.3. Product Portfolio
6.4.4. Key Strategic Moves And Developments
6.5. Hsbc Armenia
6.5.1. Company Overview
6.5.2. Company Snapshot
6.5.3. Product Portfolio
6.5.4. Key Strategic Moves And Developments
6.6. Id Bank
6.6.1. Company Overview
6.6.2. Company Snapshot
6.6.3. Product Portfolio
6.6.4. Key Strategic Moves And Developments
6.7. Acba-Credit Agricole Bank Cjsc
6.7.1. Company Overview
6.7.2. Company Snapshot
6.7.3. Product Portfolio
6.8. Armbusinessbank Cjsc
6.8.1. Company Overview
6.8.2. Company Snapshot
6.8.3. Product Portfolio
6.9. Ardshinbank Cjsc
6.9.1. Company Overview
6.9.2. Company Snapshot
6.9.3. Product Portfolio
6.9.4. Key Strategic Moves And Developments
6.10. Inecobank Cjsc
6.10.1. Company Overview
6.10.2. Company Snapshot
6.10.3. Product Portfolio
6.10.4. Key Strategic Moves And Developments
LIST OF TABLES
Table 01. Armenia Banking Market By Sector, 2018-2026, ($Million)
Table 02. Armenia Banking Market By Type, 2018-2026, ($Million)
Table 03. Ameriabank Cjsc: Company Snapshot
Table 04. Ameriabank Cjsc: Product Portfolio
Table 05. Araratbank Ojsc: Company Snapshot
Table 06. Araratbank Ojsc: Product Portfolio
Table 07. Armswissbank Cjsc: Company Snapshot
Table 08. Armswissbank Cjsc: Product Portfolio
Table 09. Converse Bank Cjsc: Company Snapshot
Table 10. Converse Bank Cjsc: Product Portfolio
Table 11. Hsbc Armenia: Company Snapshot
Table 12. Hsbc Armenia: Product Portfolio
Table 13. Idbank: Company Snapshot
Table 14. Idbank: Product Portfolio
Table 15. Acba-Credit Agricole Bank Cjsc: Company Snapshot
Table 16. Acba-Credit Agricole Bank Cjsc: Product Portfolio
Table 17. Armbusinessbank Cjsc: Company Snapshot
Table 18. Armbusinessbank Cjsc: Product Portfolio
Table 19. Ardshinbank Cjsc: Company Snapshot
Table 20. Ardshinbank Cjsc: Product Portfolio
Table 21. Inecobank Cjsc: Company Snapshot
Table 22. Inecobank Cjsc: Product Portfolio
Table 01. Armenia Banking Market By Sector, 2018-2026, ($Million)
Table 02. Armenia Banking Market By Type, 2018-2026, ($Million)
Table 03. Ameriabank Cjsc: Company Snapshot
Table 04. Ameriabank Cjsc: Product Portfolio
Table 05. Araratbank Ojsc: Company Snapshot
Table 06. Araratbank Ojsc: Product Portfolio
Table 07. Armswissbank Cjsc: Company Snapshot
Table 08. Armswissbank Cjsc: Product Portfolio
Table 09. Converse Bank Cjsc: Company Snapshot
Table 10. Converse Bank Cjsc: Product Portfolio
Table 11. Hsbc Armenia: Company Snapshot
Table 12. Hsbc Armenia: Product Portfolio
Table 13. Idbank: Company Snapshot
Table 14. Idbank: Product Portfolio
Table 15. Acba-Credit Agricole Bank Cjsc: Company Snapshot
Table 16. Acba-Credit Agricole Bank Cjsc: Product Portfolio
Table 17. Armbusinessbank Cjsc: Company Snapshot
Table 18. Armbusinessbank Cjsc: Product Portfolio
Table 19. Ardshinbank Cjsc: Company Snapshot
Table 20. Ardshinbank Cjsc: Product Portfolio
Table 21. Inecobank Cjsc: Company Snapshot
Table 22. Inecobank Cjsc: Product Portfolio
LIST OF FIGURES
Figure 01. Armenia Banking Market Segmentation
Figure 02. Top Winning Strategies, 2018-2019
Figure 03. Top Winning Strategies, By Year, 2018-2019
Figure 04. Top Winning Strategies: Nature And Type, 2018-2019
Figure 05. Top Player Positioning, 2018
Figure 06. High Barganing Power of Buyers
Figure 07. High Barganing Power of Suppliers
Figure 08. High Threat of Substitution
Figure 09. Low Threat of New Entrants
Figure 10. High Competitive Rivalry
Figure 11. Impact Analyses, Armenia Banking Market
Figure 01. Armenia Banking Market Segmentation
Figure 02. Top Winning Strategies, 2018-2019
Figure 03. Top Winning Strategies, By Year, 2018-2019
Figure 04. Top Winning Strategies: Nature And Type, 2018-2019
Figure 05. Top Player Positioning, 2018
Figure 06. High Barganing Power of Buyers
Figure 07. High Barganing Power of Suppliers
Figure 08. High Threat of Substitution
Figure 09. Low Threat of New Entrants
Figure 10. High Competitive Rivalry
Figure 11. Impact Analyses, Armenia Banking Market
