YEREVAN, January 26. /ARKA/. ARKA News Agency presents the ranking of Armenia’s commercial banks for 2016 by their credit exposure.

The analysis of figures shows that the banks’ aggregate loan portfolio amounted to AMD 2 538.5 billion in 2016 showing a 20.15% growth, compared with 2015, when a 0.69% year-on-year growth was recorded.

The ranking is topped by Ameriabank, Ardshinbank, Armbusinessbank, Anelik Bank and ACBA-CREDIT AGRICOLE BANK.

The top five banks accounted for AMD 1 511.9 billion and 59.5% in the aggregate loan portfolio of Armenian commercial banks.

Ameriabank, is placed atop with its AMD 513.3 billion and 59.47% year-on-year growth.

Ardshinbank, with its AMD 337.6 billion and 23.04% growth, was the second biggest lender among the country’s banks in 2016.

Armbusinessbank came third in the ranking with AMD 268.4 billion and 29.47% growth.

Anelik Bank, with its loan portfolio amounting to AMD 2017.5 billion and its threefold growth, ranked fourth.

ACBA-CREDIT AGRICOLE BANK is fifth in the ranking – its loan portfolio shrank 1.7% in 2016, compared with the previous year, to AMD 174.9 billion.

ARKA News Agency’s analysis shows that 14 of Armenia’s 17 banks have build up their lending.
After the Central Bank of Armenia its requirement to the size of banks’ capital six times obliging them to have no less than AMD 30 billion, some banks merged in the country. As a result, only 17 of 21 banks remain in Armenia.

The ranking is based on ARKA News Agency’s ‘The Banks of Armenia’ bulletin.

All those wanting to acquire this bulletin and the agency’s other products can contact the marketing division (е-mail: [email protected]). --0---