ArmInfo. In the banking system of Armenia, the concentration of assets among the top five leaders in this indicator increased in 2012-2017 from 46.5% to 55.2%. This amount of assets is distributed between Ameriabank, Armbusinessbank, Ardshinbank, ACBA-Credit Agricole Bank and INECOBANK. According to the Financial Rating of the Armenian Banks as of January 1, 2018, prepared by the Information Company ArmInfo, TOP-5 for credit investments includes the same banks with a total share in the total market value of 59.1% of the total loan portfolio. In 2012, the share of the leading five is 47.1%.
The Ameriabank, Armbusinessbank, Ardshinbank, INECOBANK and Converse Bank represent the top five in terms of loans to the economy, with a total market share of 64.8%, versus 48.5% of the top five in 2012. Retail loans in TOP-5 include ACBA-Credit Agricole Bank, Ardshinbank, VTB Bank (Armenia), Converse Bank and Unibank, whose total share in the total market volume was 55.8% (against 53.1% of the top five in 2012).
The assets of the banking system reached 4.4 trillion drams (over $ 9 billion) by January 1, 2018, and credit investments - 2.9 trillion drams ($ 5.9 billion). The volume of corporate loans for this date amounted to 1.9 trillion drams ($ 3.9 billion), and retail - 823.7 billion drams ($ 1.7 billion). In 2012 there were 21 banks, but by 2017 their number decreased to 17. In particular, at the end of 2015 ProCredit Bank Armenia and BTA Bank emerged from the market, having united with INECOBANK and Armeconombank respectively, and in December 2016 Areximbank-GPB Group and Armenian Development Bank merged with Ardshinbank and Araratbank. This was due to the need to comply with the tightened demand of the Central Bank for a minimum amount of total capital for banks of 30 billion drams, effective from January 1, 2017 (against the current 5 billion drams).