Banks encompass 85,5% assets of Armenia’s financial system

The largest part of Armenia’s financial system is the banking system, according to 2017 data. The banking system has 85,5% assets of the sector.

According to the data, the bank assets in 2016 were 87,2%.In case of the other participants of the financial system the assets either increased or remained the same in 2017 against 2016.

Assets of credit organizations in 2017 totaled 9,3% against 2016’s 8.6%. Insurance companies has 1% assets – the same as in 2016.

Assets of investment companies comprised 1,3% - a growth of 0,4%. Net assets of mandat...