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 169 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.
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
- Domestic credit to private sector by banks 68.7% (2025)
- Total reserves in months of imports 3.41 (2025)
- Net domestic credit 9.58 trillion current LCU (2025)
- Net foreign assets 305.82 billion current LCU (2025)
- Monetary Sector credit to private sector 70.4% (2025)
- Broad money 61.3% (2025)
- Claims on central government, etc. 12.3% (2025)
- Domestic credit to private sector 70.5% (2025)
- Official exchange rate 387.01 LCU per US$, period average (2025)
- Net migration -29,013 (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 169 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.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.