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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A05909
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Pages: 90
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Dec
2019 |
2562 Views
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Author(s) :
Aarti Goswami
, Onkar Sumant
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Tables: 22
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Charts: 11
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Formats*:
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The Armenia banking market was valued at $519 million in 2018 and is expected to reach $996 million by 2026, registering a CAGR of 8.5% from 2019 to 2026. Banking is a financial institution and an intermediary, which is licensed to receive deposits and make loans in the market. Primarily, it handles cash, credit, wealth management, currency exchange, safe deposit boxes; accepts deposits; and provides other financial transactions and services in the industry.
Moreover, the banking system largely operates into retail banking, corporate banking, investment banking, wholesale banking, and other such banking sectors in the market. The banking system is highly regulated and managed by central banks in the country. The central banks are responsible for ensuring financial stability and protecting depositors' funds, control inflation, manage liquidity in the country’s financial system, and other such allied activities in the banking sector.
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In Armenia, banking system is the biggest part of the financial market in the country. The financial system is highly dominated by banks that accounts for 88% of the total assets of the system. It has 17 commercial banks operating in the Republic of Armenia, and all commercial banks currently participating in exchange trading of Armenia. The 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.
The continuous growth of small and medium-sized enterprises (SMEs) in Armenia leads to large-scale financing and lending for SMEs; thereby, propelling the growth of the banking sector in the country. Furthermore, rise in adoption and implementation of digital banking technologies in the international financial system boost the growth of the Armenian banking sector in the market. However, the financial sector is characterized by high dollarization at around 60% in the Armenian economy, which leads to large-scale foreign exchange and refinancing risks that is expected to hamper the Armenia banking market growth.
On the contrary, the liquidity rates of the banking system continue to stay high, providing an opportunity for banks to serve customers at the expense of liquidity means in the country. Moreover, the country is set to introduce Basel III, which is an international regulatory that introduces set of reforms designed to improve the regulation, risk management, and other activities within the banking sector. Thus, providing an opportunity for banks to maintain capital buffers to cover losses during financial instability, and execute their existing offerings in the market.
Sector Segment Review:
On the basis of sector, it is divided into retail banking, corporate banking, and investment banking. The corporate banking segment accounted for the largest revenue in 2018. The level of financing and lending from banks for SMEs is quite high, owing to increase in small and medium-sized enterprises (SMEs) in Armenia. This is expected to be the major growing factor for the banking sector in the country.
Armenia Banking Market
By Sector
Corporate Banking segment would exhibit the highest CAGR of 9.3% during 2019-2026.
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Moreover, the corporate sector is widely represented in Armenia and all 17 banks in the country with 60% of coverage are focused mainly on SMEs in the market. The banks are developing and adapting digital technologies for SMEs as these businesses are adopting technologies such as messengers, chatbots, and mobile applications to make payments in the market. This is anticipated to provide growth opportunities for the market growth.
Type Segment Review:
By type, the market is bifurcated into closed joint-stock company (CJSC) and open joint-stock company (OJSC). The CJSC segment generated the largest revenue in 2018, and is anticipated to continue the same during the forecast period. Armenian banking sector is the biggest part of the financial market in the country. The banking system in the country is privately owned with no government share and is expected to continue to attract new shareholders in the market. In addition, the country is largely categorized under closed joint-stock company (CJSC) sector.
Armenia Banking Market
By Type
Closed Joint-Stock Company (CJSC) segment is projected as one of the most lucrative segment.
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The report provides a comprehensive Armenia banking market analysis of the key players operating in the market such as Ameriabank CJSC, ARARATBANK OJSC, ArmSwissBank CJSC, Converse Bank CJSC, HSBC Armenia, ID Bank, ACBA-CREDIT AGRICOLE BANK CJSC, ArmBusinessBank CJSC, Ardshinbank CJSC, and Inecobank CJSC.
Key Benefits for Stakeholders:
- The study provides an in-depth analysis of the Armenia banking market share with the current trends and future estimations of the market.
- A comprehensive analysis of the factors that drive and restrict the Armenia banking market size is provided.
- A comprehensive quantitative analysis is provided from 2019 to 2026 to assist market stakeholders to capitalize on the prevailing market opportunities.
- An extensive analysis of the key segments of the Armenia banking industry helps understand the market trends.
- The key players and their strategies are provided to understand the competitive outlook of the Armenia banking market forecast.
Armenia Banking Market Key Segments:
By Sector
- Retail Banking
- Corporate Banking
- Investment Banking
By Type
- Closed Joint-Stock Company (CJSC)
- Open Joint-Stock Company (OJSC)
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.
Q1. What is the market share of Armenia Banking Market?
A. The market share is 8.5% from 2019 to 2026.
Q2. Which are the factors that drives Armenia Banking Market growth?
A. The continuous growth of small and medium-sized enterprises (SMEs) leads to large-scale financing and lending for SMEs, rise in adoption and implementation of digital banking technologies in the international financial system are driving the Armenia banking market growth.
Q3. How can I get sample report of Armenia Banking Market?
A. To get the latest version of Armenia Banking Market report
Q4. Who are the potential customers of Armenia Bank?
A. The potential customers of the Armenia bank are individuals, corporates, investors, and others.
Q5. Who are the leading players in Armenia Banking Market?
A. Ameriabank CJSC, Ardshinbank CJSC, ACBA-Credit Agricole Bank CJSC, and InecoBank CJSC are the leading players in Armenia banking market
Q6. How can I get company profiles of top ten players of Armenia Banking Market?
A. On the basis of top growing big corporations, we select top 10 players.
Q7. What are the sectors of Armenia Banking Market?
A. Retail banking, corporate banking, and investment banking are the sectors of Armenia Banking Market.
Q8. What are the key growth strategies of Armenia Banking Market players?
A. The key growth strategies of Armenia banking market players are partnership, product launch, expansion, and product development.
Q9. What is the expected market value of Armenia Banking Market in 2026?
A. The Armenia banking market is expected to reach $996 million by 2026
Q10. On the basis of type, which segment had generated the highest revenue by 2018?
A. The closed joint-stock company (CJSC) segment generated the highest revenue in 2018, and is anticipated to continue the same during the forecast period.
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