Investor Presentaiton
32 Investment guide Armenia
Banking Sector
The banking system remains the
biggest part of the Armenian financial
market. As of 30 June 2016, there
were 20 commercial banks operating
in the Republic of Armenia. They
had 526 branches in Armenia and in
550,000 T
500,000
Nagorno Karabakh, from which 232
were located in Yerevan. The total
number of employees in the Armenian
commercial banks was about 11,516.
Total assets of the Armenian banking
system were about AMD 3,496 billion
as at 30 June 2015 including total loan
portfolio of AMD 2,194 billion. This
figure makes the Armenian banking
system the biggest part of the
Armenian financial market.
The total equity amounted to AMD
587 billion and total liabilities were
about AMD 2,908 billion including
AMD 1,914 billion of total deposits.
Top Ten Banks of the Armenian Banking Sector as of 30 June 2016 (in million AMD)
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0-
HILLL
Ameria
ASHIB
VTB
ABB
HSBC
ACBA
Ineco
Assets
Loans
Deposits
Converse Unibank
- 14,000
12,000
10,000
+8,000
- 6,000
- 4,000
- 2,000
-0
Ararat
Total Income (right axis)
Equity
Total Income (right axis)
Source: Published interim financial reports of commercial banks for 2nd quarter (unaudited)
The shareholder structure of the
Armenian banks is very different.
There are both resident and non-
resident shareholders. Meanwhile,
almost in all the Armenian banks
non-resident shareholders are
presented. Non-resident participants,
both legal entities and individuals,
KPMG
are mainly from Russia, Switzerland,
Iran, Lebanon, Liechtenstein,
France, United Kingdom, USA
and Kazakhstan. There are several
international organizations that have
shares in several Armenian banks (e.g.
IFC, DEG, EBRD, and OPEC fund for
International development).
Net Profit (right axis)
Due to the above changes there has
been several developments in the
sector. For more details on banking
sector you can refer to "Armenian
Banking Sector Overview"
(www.kpmg.am).
©2016 KPMG Armenia cjsc,. All rights reserved.View entire presentation