Friday, June 17 2016 15:29
Alina Hovhannisyan

Customer base of Armenian banks grew by 4.2% over year amid 9.2% rise in accounts

ArmInfo. By April 2016, the customer base of the Armenian banking system had 2,300,214 individuals and 76,951 legal entities. According to the National Statistical Service of Armenia, as many as 2,377,165 customers had 4,344,714 accounts in Armenian banks, including 4,166,014 accounts of individuals and 178,700 accounts of legal entities.

As compared with the same period of 2015, the number of customers grew by 4.2% or 107,582 clients, while the number of accounts rose by 9.2%.

To note, before April 2016 there were 21 banks on the Armenian financial market, but following the merger of ProCredit Bank and INECOBANK, as well as the merger of BTA Bank and Armeconombank, the number of the banks has dropped to 19.


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Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

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Maximum yield

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 5.8314%

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03.02.2020

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482,00

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200 000

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96 400 000