Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Wednesday, April 8, 2020 · 514,089,757 Articles · 3+ Million Readers

Banking Market in Armenia to Garner $996.1 Million by 2026 at 8.5% CAGR, Says Allied Market Research

Robust economic growth, rise in small & medium-sized enterprises, and surge in development of digital banking have boosted the growth of the America banking market. The retail banking segment is held the largest share in 2018, accounting for almost half of the market. On the other hand, the OJSC segment is anticipated to portray a CAGR of 7.5% during the forecast period.

/EIN News/ -- Portland, OR, March 18, 2020 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the Armenia banking market held the largest share in $518.6 million in 2018, and is anticipated to reach $996.1 million by 2026, growing at a CAGR of 8.5% from 2019 to 2026.

High economic growth, rise in small & medium-sized enterprises, and surge in development of digital banking have boosted the growth of the America banking market. However, high dollarization hampers the market growth. On the contrary, expansion of products and services is expected to create lucrative opportunities in the near future.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6274

The Armenia banking market is segmented on the basis of sector and type. Based on sector, the market is divided into retail banking, corporate banking, and investment banking. The retail banking segment is held the largest share in 2018, accounting for almost half of the market. This is due to rapidly changing customer needs and technology trends with disruptive product offering and solutions via retail banking. However, the corporate banking segment is estimated to manifest the fastest CAGR of 9.3% during the forecast period. This is owing to rise in small and medium-sized enterprises in Armenia, level of financing and lending from banks for SMEs.

On the basis of type, the market is closed joint-stock company (CJSC) and open joint-stock company (OJSC). The CJSC segment dominated the market in 2018, accounting for more than four-fifths of the market. Moreover, the segment is expected to register the highest CAGR of 8.7% from 2019 to 2026. This is attributed to the banking system in the country that is privately owned with no government share. The OJSC segment is anticipated to portray a CAGR of 7.5% during the forecast period.

Enquire For Discount: https://www.alliedmarketresearch.com/purchase-enquiry/6274

Top Players:

The Armenia banking market report includes an in-depth analysis of the major market players such as:

  • Ameriabank CJSC
  • ArmSwissBank CJSC
  • ARARATBANK OJSC
  • HSBC Armenia
  • Converse Bank CJSC
  • ACBA-CREDIT AGRICOLE BANK CJSC
  • ID Bank
  • Ardshinbank CJSC
  • ArmBusinessBank CJSC
  • Inecobank CJSC

Access Avenue (Premium on-demand, subscription-based pricing model) @ https://www.alliedmarketresearch.com/Avenue-Membership-details

Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Related Studies:

Open Banking Market by 2027 - Global Opportunities Analysis and Industry Forecast

Mobile Banking Market by 2027 - Global Opportunities Analysis and Industry Forecast

Online Banking Market by 2027 - Global Opportunities Analysis and Industry Forecast

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
                    David Correa
                    5933 NE Win Sivers Drive
                    #205, Portland, OR 97220
                    United States
                    USA/Canada (Toll Free): 
                    +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
                    UK: +44-845-528-1300
                    Hong Kong: +852-301-84916
                    India (Pune): +91-20-66346060
                    Fax: +1(855)550-5975
                    help@alliedmarketresearch.com
                    Web: https://www.alliedmarketresearch.com

Primary Logo

Powered by EIN News
Distribution channels: Book Publishing Industry, Science


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release