The banking system of Armenia

The banking system, being the largest segment of the financial system, pursues the implementation of its strategic objectives by ensuring high reserves of capital and liquidity and guaranteeing the resilience of the system.

In the current environment characterized by rapidly changing developments and uncertainties, the banking system continues its stable growth, ensuring the normal course of financial intermediation. The analysis of the relevant indicators confirms the stability and reliability of the system, as well as the logic of its continuous development and improvement.

Banks are substantially diversified by customer segments, individual specialized areas, and the international and domestic ownership of capital.

The banking system has directed the vector of its development strategy towards the ESG agenda, which implies care for the environment, a responsible attitude towards employees and customers, transparent operations, and participation in social and environmental initiatives. Within the framework of corporate social responsibility, banks develop and implement long-term programs, identifying, addressing and solving educational, healthcare, environmental and social issues.

Thus, the banking system not only contributes to the economy, the development of infrastructure and the creation of new jobs, but also demonstrates a systematic approach to social responsibility, being confident that this approach to operations is the guarantee of long-term development and progress.