We are presenting to your attention the summary of the results of the Armenian banking sector for 1HY-2025, prepared and published exclusively on Banks.am by a specialized consulting company RUMELS Management Solutions.

Ruben Melikyan has more than 25 years’ experience, as a successful c-level executive (CEO/CFO), with a successful track record leading diverse management teams in different areas, like audit, micro-finance, retail, FMCG and banking. Ruben Melikyan is an ACCA member; he graduated from Oxford University (EMBA) and received a Certificate on “Advanced Corporate Valuation” from NYU.

The purpose of this study is to analyze the main financial indicators of the Armenian banking system in 1HY 2025.

Net Profit

The total net profit of all Armenian banks during 1HY 2025 is equal to 200,7 bln AMD, which is by 29 bln AMD, or by 16,6% more than it was recorded in 1HY 2024.

The largest profit was recorded by Ardshinbank, amounting to 68,8 bln AMD. 

All banks registered a profit during the mentioned period.

Total loan portfolio

The total loan portfolio of the banking sector during 1HY 2025 increased by 10,3%.

As of 30.06.2025, the total loan portfolio amounted to 6,925 bln AMD, and its share in total assets is 60%.

The mentioned total loan portfolio includes retail and corporate loan portfolios.

The market share of 5 largest banks (Ameriabank, Ardshinbank, Acba bank, Amio bank and Inecobank) by total loan portfolio is 64,4%.

Ameriabank has the largest market share - 21,1%.

Bonds

During 1HY 2025, the total balance of bonds issued by Armenian banks decreased by 42 bln AMD, or 8%.

As of 30.06.2025, the total balance of issued bonds amounts to 466 bln AMD.

13 out of 17 banks issued bonds.

Total Equity

During 1HY 2025, the total equity of the Armenian banking sector increased by 183 bln AMD, or 10% and amounted to 1.960 bln AMD. This increase is mainly due to generated profit in 1HY 2025, amounting to 200,7 bln AMD, increase of share capital of Amio bank, amounting to 20 bln AMD, and paid dividends.

In 1HY 2025, 8 banks paid dividends, amounting to 136,4 bln AMD:

- Ardshinbank - 103 bln AMD (out of which 97,5 bln AMD was allocated to share capital, as common and preferred shares)
- Inecobank - 8 bln AMD
- IDBank - 7 bln AMD
- Acba bank - 6,6 bln AMD
- Converse Bank - 4,3 bln AMD
- AraratBank - 4 bln AMD
- Evocabank - 2,5 bln AMD
- Armeconombank - 1 bln AMD

To learn more about the financial analyses for the mentioned and other periods, please follow this link.