Armenia Banking Market by Sector (Retail Banking, Corporate Banking, and Investment Banking) and Type (Closed Joint-Stock Company [CJSC] and Open Joint-Stock Company [OJSC]): Opportunity Analysis and Industry Forecast, 2019–2026

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CHAPTER 1:  INTRODUCTION

1.1.  Report description
1.2.  Key benefits for stakeholders
1.3.  Key market segments

1.3.1.  List of key players profiled in the report

1.4.  Research methodology

1.4.1.  Secondary research
1.4.2.  Primary research
1.4.3.  Analyst tools and models

CHAPTER 2:  EXECUTIVE SUMMARY

2.1.  Key findings of the study
2.2.  CXO perspective

CHAPTER 3:  MARKET OVERVIEW

3.1.  Market definition and scope
3.2.  Key findings

3.2.1.  Top winning strategies, 2018

3.3.  Top player positioning, 2018
3.4.  Porter’s five forces analysis
3.5.  Market dynamics

3.5.1.  Drivers

3.5.1.1.  Robust economic growth
3.5.1.2.  Increase in small and medium-sized enterprises (SMEs)
3.5.1.3.  Rise in development of digital banking

3.5.2.  Restraint

3.5.2.1.  High dollarization

3.5.3.  Opportunity

3.5.3.1.  Expansion of products and services

3.5.4.  Impact Analyses

CHAPTER 4:  ARMENIA BANKING MARKET, BY SECTOR

4.1.  Overview

4.1.1.  Market size and forecast

4.2.  Retail Banking

4.2.1.  Key market trends, growth factors, and opportunities

4.3.  Corporate Banking

4.3.1.  Key market trends, growth factors, and opportunities

4.4.  Investment Banking

4.4.1.  Key market trends, growth factors, and opportunities

CHAPTER 5:  ARMENIA BANKING MARKET, BY TYPE

5.1.  Overview

5.1.1.  Market size and forecast

5.2.  Closed joint-stock company (CJSC)
5.3.  Open joint-stock company (OJSC)

CHAPTER 6:  COMPANY PROFILES

6.1.  Ameriabank CJSC

6.1.1.  Company overview
6.1.2.  Company snapshot
6.1.3.  Product portfolio
6.1.4.  Key strategic moves and developments

6.2.  ARARATBANK OJSC

6.2.1.  Company overview
6.2.2.  Company snapshot
6.2.3.  Product portfolio
6.2.4.  Key strategic moves and developments

6.3.  ArmSwissBank CJSC

6.3.1.  Company overview
6.3.2.  Company snapshot
6.3.3.  Product portfolio

6.4.  Converse Bank CJSC

6.4.1.  Company overview
6.4.2.  Company snapshot
6.4.3.  Product portfolio
6.4.4.  Key strategic moves and developments

6.5.  HSBC Armenia

6.5.1.  Company overview
6.5.2.  Company snapshot
6.5.3.  Product portfolio
6.5.4.  Key strategic moves and developments

6.6.  ID Bank

6.6.1.  Company overview
6.6.2.  Company snapshot
6.6.3.  Product portfolio
6.6.4.  Key strategic moves and developments

6.7.  ACBA-CREDIT AGRICOLE BANK CJSC

6.7.1.  Company overview
6.7.2.  Company snapshot
6.7.3.  Product portfolio

6.8.  ArmBusinessBank CJSC

6.8.1.  Company overview
6.8.2.  Company snapshot
6.8.3.  Product portfolio

6.9.  Ardshinbank CJSC

6.9.1.  Company overview
6.9.2.  Company snapshot
6.9.3.  Product portfolio
6.9.4.  Key strategic moves and developments

6.10.  Inecobank CJSC

6.10.1.  Company overview
6.10.2.  Company snapshot
6.10.3.  Product portfolio
6.10.4.  Key strategic moves and developments

LIST OF TABLES

TABLE 01.  ARMENIA BANKING MARKET BY SECTOR, 2018-2026, ($MILLION)
TABLE 02.  ARMENIA BANKING MARKET BY TYPE, 2018-2026, ($MILLION)
TABLE 03.  AMERIABANK CJSC: COMPANY SNAPSHOT
TABLE 04.  AMERIABANK CJSC: PRODUCT PORTFOLIO
TABLE 05.  ARARATBANK OJSC: COMPANY SNAPSHOT
TABLE 06.  ARARATBANK OJSC: PRODUCT PORTFOLIO
TABLE 07.  ARMSWISSBANK CJSC: COMPANY SNAPSHOT
TABLE 08.  ARMSWISSBANK CJSC: PRODUCT PORTFOLIO
TABLE 09.  CONVERSE BANK CJSC: COMPANY SNAPSHOT
TABLE 10.  CONVERSE BANK CJSC: PRODUCT PORTFOLIO
TABLE 11.  HSBC ARMENIA: COMPANY SNAPSHOT
TABLE 12.  HSBC ARMENIA: PRODUCT PORTFOLIO
TABLE 13.  IDBANK: COMPANY SNAPSHOT
TABLE 14.  IDBANK: PRODUCT PORTFOLIO
TABLE 15.  ACBA-CREDIT AGRICOLE BANK CJSC: COMPANY SNAPSHOT
TABLE 16.  ACBA-CREDIT AGRICOLE BANK CJSC: PRODUCT PORTFOLIO
TABLE 17.  ARMBUSINESSBANK CJSC: COMPANY SNAPSHOT
TABLE 18.  ARMBUSINESSBANK CJSC: PRODUCT PORTFOLIO
TABLE 19.  ARDSHINBANK CJSC: COMPANY SNAPSHOT
TABLE 20.  ARDSHINBANK CJSC: PRODUCT PORTFOLIO
TABLE 21.  INECOBANK CJSC: COMPANY SNAPSHOT
TABLE 22.  INECOBANK CJSC: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.  ARMENIA BANKING MARKET SEGMENTATION
FIGURE 02.  TOP WINNING STRATEGIES, 2018-2019
FIGURE 03.  TOP WINNING STRATEGIES, BY YEAR, 2018-2019
FIGURE 04.  TOP WINNING STRATEGIES: NATURE AND TYPE, 2018-2019
FIGURE 05.  TOP PLAYER POSITIONING, 2018
FIGURE 06.  HIGH BARGANING POWER OF BUYERS
FIGURE 07.  HIGH BARGANING POWER OF SUPPLIERS
FIGURE 08.  HIGH THREAT OF SUBSTITUTION
FIGURE 09.  LOW THREAT OF NEW ENTRANTS
FIGURE 10.  HIGH COMPETITIVE RIVALRY
FIGURE 11.  IMPACT ANALYSES, ARMENIA BANKING MARKET

Armenia banking market is projected to witness a significant growth due to rise in adoption and implementation of digital banking technologies by banks, accelerating digitalization as a permanent process and rapidly transforming into digital offerings to their customers in the market. Moreover, the country’s economic growth indicates the expansion of production capacities. Furthermore, growth in the service sector and industrial sector drives banks to provide services in particular with investment, corporate, and retail offerings in the market.

A bank is a financial institution that accepts deposits from the public and creates credit. It provides lending activities, wealth management, currency exchange, credit and cash management, and other financial transactions and services in the industry. In Armenia, Central Bank of Armenia (CBA) is a single regulator and is responsible for the protection of consumer rights and market conduct in the financial system of the country. It has 17 commercial banks operating in the Republic of Armenia, and all banks are currently participating in exchange trading. The banking system is the biggest part of the financial market and is highly dominated by banks that account for 88% of the total assets of the system. 

The small- and medium-sized enterprises (SMEs) are increasing tremendously in the country, which leads to increase in large-scale financing and lending for SMEs; thereby, propelling the growth of the banking sector in the country. However, high financial dollarization of banks’ assets and liabilities in the country leads to large scale foreign exchange and refinancing risks; thereby, hampering the market growth. Conversely, the country is set to introduce Basel III, providing an opportunity for banks to maintain capital buffers to cover bank losses during financial instability, and execute their existing offerings in the market. In addition, the liquidity rates of the banking system continue to increase in the market, providing an opportunity for banks to serve customers at the expense of liquidity means in the country.