Bank concentration (%) in Armenia
Armenia: Bank concentration (%) was 55.2% in 2021. ▼ Falling
Bank concentration in Armenia, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
Armenia recorded 55.2% for bank concentration in 2021.
That represents a change of down 2.2% on the previous year and up 44.5% over ten years.
Over the whole period, bank concentration in Armenia peaked at 87.1% in 2002 and was at its lowest, 38.2%, in 2011.
That places Armenia 136th out of 170 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Bank concentration (%) in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 66.2% | — |
| 2001 | 81.3% | +22.8% |
| 2002 | 87.1% | +7.1% |
| 2003 | 83.1% | -4.6% |
| 2004 | 82.5% | -0.7% |
| 2005 | 68.5% | -16.9% |
| 2006 | 63.0% | -8.0% |
| 2007 | 57.0% | -9.6% |
| 2008 | 47.8% | -16.2% |
| 2009 | 42.5% | -11.0% |
| 2010 | 42.5% | -0.1% |
| 2011 | 38.2% | -10.1% |
| 2012 | 38.8% | +1.7% |
| 2013 | 40.3% | +3.9% |
| 2014 | 48.2% | +19.6% |
| 2015 | 48.7% | +1.1% |
| 2016 | 54.0% | +10.8% |
| 2017 | 53.5% | -0.9% |
| 2018 | 54.7% | +2.2% |
| 2019 | 55.0% | +0.7% |
| 2020 | 56.4% | +2.5% |
| 2021 | 55.2% | -2.2% |
Armenia compared with similar countries
- Armenia's 55.2% is below the median for upper middle income countries, which is 70.5%, 78% of the median. (48 countries reporting)
- Armenia's 55.2% is below the median for Europe & Central Asia, which is 68.9%, 80% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 67.9% | 42.5% | 87.1% | 10 |
| 2010s | 47.4% | 38.2% | 55.0% | 10 |
| 2020s | 55.8% | 55.2% | 56.4% | 2 |
Countries ranked near Armenia
- 133 South Korea 56.3% compare
- 134 Costa Rica 55.9% compare
- 135 Ecuador 55.5% compare
- 137 Malaysia 53.0% compare
- 138 Philippines 52.3% compare
- 139 Chile 52.2% compare
More financial sector data for Armenia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0665 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0486 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0665 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank concentration in Armenia?
- Bank concentration in Armenia was 55.2% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Armenia?
- The highest recorded value was 87.1% in 2002.
- What is the lowest bank concentration recorded in Armenia?
- The lowest recorded value was 38.2% in 2011.
- How does Armenia rank for bank concentration?
- Armenia ranks 136th out of 170 countries with data for 2021.
- Is bank concentration rising or falling in Armenia?
- Over the last ten years it is up 44.5%. The long-run trend across the full record is falling.
- Where does this Armenia data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.