Armenian banks customer base grew in 2016 by 4.5% with 6.2% number of accounts

ArmInfo. Armenian banks customer base at the end of 2016 counted 2 413 943 physical and 79 609 judicial persons. According to Armenian National Statistic Service data, all together 2 493 558 customers had 4 553 107 amounts in Armenian banks, 4 368 596 from which amounts of physical and 184 511 judicial person?s amounts.

According to the source, Armenian banks customer base annually grew by 4.5% or 135 562 cusomers. The amounts of customers for the reported year grew by 6.2% annually.

To note, from Armenian bank market in 2015-2016 came out 4 banks-ProCredit and BTA( In December 2015), AreximBank group GasPromBank and Armenian Development Bank(in December 2016), united correspondently with InecoBank, ArmEconomBank, ArdshinBank and Ararat Bank. As a result, in 2017 17 banks remained in Armenia.