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FINANCIAL SYSTEM AND CONTROL

Introduction

 
 
The Central Bank of Armenia performs regulation and control of the financial sector of Armenia.
 
The largest participant in the financial market of the Republic of Armenia is the banking system, which accounts for 83.5% of the assets of the financial system.
 
 As of December 31, 2019, the participants of the RA financial market are: 
  • 17 banks with 551 branches;
  • 43 credit organizations with 233 branches;
  • 7 insurance companies և 4 insurance intermediaries (brokers);
  • participants of the RA securities market, including 13 investment companies, 5 managers of investment funds, the Central Depository of Armenia, the Armenian Stock Exchange, commercial banks, insurance companies, credit organizations, and 25 reporting issuers;
  • 108 pawnshops;
  • 211 currency exchange points (branches not included);
  • 10 money transfer companies,
  • 6 companies processing and clearing payment instruments and settlement documents;
  • 25 reporting issuers.
 
as of 31.12.2019, banking system:
  • total assets amount to AMD 5.828 trillion; 
  • total capital amounts to AMD 824 billion;  
  • total liabilities amount to AMD 5.4 billion.  
 
58.6% of the banking system's assets (or AMD 3.415 trillion) is the share of credits to the economy. 65.1% of the banks' liabilities (or AMD 3.255 trillion) are funds attracted from individuals and legal entities (except financial organizations). The size of the statutory fund in the capital of the banking system (actually paid out) is AMD 525.6 billion. The concentration in the banking system of the Republic of Armenia is assessed as low: as of as of December 31, 2019, Herfindal-Hirschmann concentration index in terms of the total assets  in the banking system of the Republic of Armenia is 0.089, in terms of the total liabilities - 0.095, and in terms of the total capital, 0.068.
 
as of 31.12.2019, credit organizations’:
 
as of 31.12.2019, insurance companies’:
  • total assets amount to AMD 66.9 billion;
  • total liabilities amount to AMD 45.8 billion;
  • total capital amounts to AMD 21.1 billion.
 
as of 31.12.2019, investment companies’:
  • total assets amount to AMD 63.5 billion;
  • total liabilities amount to AMD 50.4 billion;
  • total capital amounts to AMD 13.1 billion.
 
as of 31.12.2019, payment and settlement companies’:
 
as of 31.12.2019, pawnshops’:
  • total assets amount to AMD 9.9 billion;
  • total liabilities amount to AMD 7.9 billion;
  • equity amounts to AMD 2.0 billion.
 
In 2019, currency exchange points:
  • bought USD 487.5 million and sold USD 491.8 million;
  • bought EURO 76.7 million and sold EURO 72.8 million.
 
Two investment fund managers were licensed to operate as mandatory pension fund managers in the territory of the Republic of Armenia. Each of them manages 3 mandatory pension funds.
As of December 31, 2019, the value of net assets of mandatory pension funds amounted to AMD 251.2 billion. At the end of the year, the net asset / GDP ratio was 3.8%.

 

 
 
 
 

 

 
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