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Trading

List of Commercial Banks in Armenia

Published by Gbaf News

Posted on April 19, 2013

1 min read

· Last updated: September 23, 2024

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ACBA-Credit Agricole Bank
Ameria bank
Anelik Bank
Araratbank
ArdShinInvest
AreximBank
Armbusiness bank
ArmEconomBank
Armenian Development Bank
ArmSwissBank
Artsakh bank
BTA bank
Byblos Bank
Cascade Bank
Converse Bank Corp
HSBC Bank
InecoBank
Mellat Bank
ProCredit Bank
Prometey Bank
Unibank
VTB Bank

Key Takeaways

  • Armenia hosts around 18–21 commercial banks under Central Bank supervision.
  • Major players include Ameriabank, ACBA‑Credit Agricole, Ardshinbank, Inecobank and VTB Bank.
  • Several banks have undergone mergers or rebranding—e.g., HSBC Armenia was acquired by Ardshinbank in late 2024.
  • Banks like ACBA focus on sectors such as agriculture, while others emphasize digital services and trade finance.

Frequently Asked Questions

How many commercial banks operate in Armenia?
As of late 2024–2026, Armenia has approximately 18 commercial banks licensed by the Central Bank of Armenia.
What are some of the largest banks by assets in Armenia?
Leading banks by assets include Ameriabank, ACBA‑Credit Agricole Bank, Ardshinbank, Inecobank and VTB Bank.
Have there been recent mergers or acquisitions among Armenian banks?
Yes—for example, HSBC Bank Armenia was acquired by Ardshinbank in November 2024; other consolidations include former banks like Armenian Development Bank, Cascade Bank, and ProCredit Bank merging or being acquired.

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