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Trading

List of Banks in Armenia

Published by Gbaf News

Posted on June 13, 2012

1 min read

· Last updated: December 3, 2018

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Banking Central Banks M&A Digital banking

Central Bank of Armenia
ACBA-Credit Agricole Bank
Anelik Bank
Araratbank
ArdShinInvest
AreximBank
Armbusiness bank
ArmEconomBank
Armenian Development Bank
Ameriabank
ArmSwissBank
Artsakhbank
BTA Bbank
Converse Bank Corp
HSBC Bank Armenia
InecoBank
Byblos Bank Armenia (ITB)
Mellat Bank
ProCredit Bank
Prometey Bank
Unibank
VTB Bank Armenia
Cascade Bank Merged with Ameriabank

Key Takeaways

Armenia’s banking sector includes one central bank and around 18 commercial banks operating as of late 2024.
Several banks listed have undergone mergers or rebranding, such as Cascade Bank merging with Ameriabank, ProCredit with Inecobank, and Armenian Development Bank with Araratbank.
HSBC Bank Armenia was acquired by Ardshinbank in November 2024.
The Central Bank of Armenia oversees regulation and licensing of all these institutions.
Ameriabank was named the Best Bank in Armenia for 2026 by Global Finance magazine.

References

Frequently Asked Questions

What is the central bank of Armenia and its role?

The Central Bank of Armenia is the country’s regulator, issuing currency, overseeing the banking sector, and maintaining financial stability.

How many commercial banks operate in Armenia?

As of November 2024, there were 18 commercial banks operating in Armenia.

Which bank was named the Best Bank in Armenia for 2026?

Ameriabank was named the Best Bank in Armenia in 2026 by Global Finance magazine.

Can you give examples of recent bank mergers in Armenia?

Examples include Cascade Bank merging with Ameriabank, ProCredit Bank acquired by Inecobank, and Armenian Development Bank merged into Araratbank.

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List of Banks in Armenia

Key Takeaways

References

Frequently Asked Questions

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