Customer base of Armenian commercial banks reached 1, 322, 288 in November 2011
08.02.2012
YEREVAN, February 8, /ARKA/. The customer base of Armenian commercial banks increased 3.1% to 1, 322, 288 as of November 2011 compared to October, Armenian National Statistics Service website reports.
Individuals amounted to 1, 252, 870 making up more than 94.8% of the customer base, a 3.2% increase from October.
The number of corporate customers shrank 0.6% to 69, 972 compared to October. There are 21 banks operating in Armenia. (($1- 388.11 drams).-0-
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Five Armenian banks own 45.8% of banking sector’s combined assets
06.02.2012
In 2011 five largest Armenian banks owned 45.8% or 950.1 billion drams of the banking sector’s combined assets, which on December 31, 2011 stood at about 2.1 trillion drams, rising by 33.6% from a year earlier, according to interim reports of banks for the fourth quarter of 2011.
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