This includes:[2] Armenia-based commercial banks earned a total of 20.1 billion drams in net profit in the first quarter of 2018, up from 10.7 billion drams they had earned in the same period last year.
[20] Ameriabank was leading by size of assets by the end of 2017.
The top five largest banks in terms of assets were Ameriabank, Armbusinessbank, Ardshinbank, Acba bank and Inecobank, which accounted for 55.8% of all assets.
[23] Fitch Ratings’ bank sector outlook for Armenia in 2018 remains stable.
[24] Below is a list of regional and international banks which have operations in Armenia: