Foreign banks among total banks (%) in Armenia
Armenia: Foreign banks among total banks (%) was 80.0% in 2013. ▲ Rising
Foreign banks among total banks in Armenia, 1995–2013
Source: Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10. Measured in %.
Analysis
In 2013, foreign banks among total banks in Armenia stood at 80.0%. That is the highest value across all 19 years on record.
The figure is up 110.5% over ten years.
Over the whole period, foreign banks among total banks in Armenia peaked at 80.0% in 2010 and was at its lowest, 17.0%, in 1995.
Armenia ranks 15th of 137 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Foreign banks among total banks (%) in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 17.0% | — |
| 1996 | 17.0% | +0.0% |
| 1997 | 17.0% | +0.0% |
| 1998 | 23.0% | +35.3% |
| 1999 | 29.0% | +26.1% |
| 2000 | 29.0% | +0.0% |
| 2001 | 36.0% | +24.1% |
| 2002 | 38.0% | +5.6% |
| 2003 | 38.0% | +0.0% |
| 2004 | 43.0% | +13.2% |
| 2005 | 50.0% | +16.3% |
| 2006 | 64.0% | +28.0% |
| 2007 | 64.0% | +0.0% |
| 2008 | 69.0% | +7.8% |
| 2009 | 75.0% | +8.7% |
| 2010 | 80.0% | +6.7% |
| 2011 | 80.0% | +0.0% |
| 2012 | 80.0% | +0.0% |
| 2013 | 80.0% | +0.0% |
Armenia compared with similar countries
- Armenia's 80.0% is above the median for upper middle income countries, which is 41.0%, 2.0× the median. (40 countries reporting)
- Armenia's 80.0% is above the median for Europe & Central Asia, which is 50.0%, 1.6× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.6% | 17.0% | 29.0% | 5 |
| 2000s | 50.6% | 29.0% | 75.0% | 10 |
| 2010s | 80.0% | 80.0% | 80.0% | 4 |
Countries ranked near Armenia
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 foreign banks among total banks in Armenia?
- Foreign banks among total banks in Armenia was 80.0% in 2013, according to Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10.
- What is the highest foreign banks among total banks recorded in Armenia?
- The highest recorded value was 80.0% in 2010.
- What is the lowest foreign banks among total banks recorded in Armenia?
- The lowest recorded value was 17.0% in 1995.
- How does Armenia rank for foreign banks among total banks?
- Armenia ranks 15th out of 137 countries with data for 2013.
- Is foreign banks among total banks rising or falling in Armenia?
- Over the last ten years it is up 110.5%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Stijn Claessens and Neeltje van Horen, 2012. "Foreign Banks: Trends, Impact and Financial Stability" IMF Working Paper, WP/12/10, published as part of Foreign banks among total banks (%). Statizoid updates them automatically from the source API.
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About this data
Percentage of the number of foreign owned banks to the number of the total banks in an Economy. A foreign bank is a bank where 50 percent or more of its shares are owned by foreigners.