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6.694z\"\u002F>\u003C\u002Fg>",{"left":5,"top":5,"width":43,"height":43,"rotate":5,"vFlip":7,"hFlip":7,"body":50},"\u003Cg fill=\"none\">\u003Cpath fill=\"currentColor\" d=\"M9.253 6.667a2.667 2.667 0 1 1-5.333-.003 2.667 2.667 0 0 1 5.333.003m.08 4.64H4V28h5.333zm8.427 0h-5.307V28h5.254v-8.76c0-4.88 6.36-5.333 6.36 0V28h5.266V17.427c0-8.227-9.413-7.92-11.626-3.88z\"\u002F>\u003C\u002Fg>",{"left":5,"top":5,"width":30,"height":30,"rotate":5,"vFlip":7,"hFlip":7,"body":52},"\u003Cg fill=\"none\" stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\">\u003Ccircle cx=\"12\" cy=\"12\" r=\"10\"\u002F>\u003Cpath d=\"M14.83 14.83a4 4 0 1 1 0-5.66\"\u002F>\u003C\u002Fg>",{"currentArticle":54},{"data":55},{"id":56,"slug":57,"title":58,"description":59,"original_image":60,"thumbnail_image":61,"image_source":62,"description_source":62,"publication_date":63,"updated_at":64,"views_count":65,"category":66,"topics":69,"author":121,"banners":136,"seo":137},314,"rating-of-armenian-banks-by-capital-and-reliability-in-2026","Rating of Armenian banks by capital and reliability in 2026","\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">As of March 31, 2026, \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Ardshinbank had the highest total equity among Armenian banks, at approximately AMD 459 billion\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">. It was followed by \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Ameriabank with AMD 358 billion\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">, \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">AMIO Bank with AMD 219 billion\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">, and \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">ACBA Bank with AMD 203 billion\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">. This is a precise ranking by capital, but it is not a ready-made list of the “most reliable” banks.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Ardshinbank ranked first by capital and held three active public long-term credit ratings: Fitch — BB− with a Positive Outlook, S&P Global — BB− with a Stable Outlook, and Moody’s — Ba3 with a Stable Outlook. Ameriabank ranked second and held two ratings: S&P Global — BB− with a Stable Outlook and Moody’s — Ba3 with a Stable Outlook. ACBA Bank was among the top four and also held two ratings: Fitch — BB− with a Stable Outlook and Moody’s — Ba3 with a Stable Outlook. AMIO Bank ranked third by capital; however, as of the cut-off date, AFM found no active public rating from Moody’s, S&P Global, or Fitch. \u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Reliability cannot be reduced to a single figure. Capital indicates a bank’s capacity to absorb losses, an international rating reflects an agency’s view of credit risk, and deposit insurance rules determine the compensation payable in an insured event. Asset quality, liquidity, loan concentration, and the margin above regulatory requirements also matter, but banks’ public disclosures do not always present them on a fully comparable basis.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Depositors often assess a bank’s reliability in terms of how well their savings are protected. As of July 30, 2026, deposits held by individuals in Armenia, including individual entrepreneurs, were covered by the deposit guarantee scheme. The maximum compensation per depositor per bank is AMD 16 million when deposits are held only in Armenian drams and AMD 7 million when they are held only in foreign currency. If a depositor holds both AMD and foreign-currency deposits at the same bank, compensation is calculated under separate Fund rules, so these limits are not automatically added together. Coverage is automatic and reduces the risk of losing savings if a bank becomes insolvent, but it does not by itself mean that all banks are equally reliable.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">How Was the Ranking Compiled, and What Exactly Does It Measure?\u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">The banks are ranked solely by total equity as of \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">March 31, 2026\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">—the latest comparable quarter-end date available by the end of June. The figures were cross-checked against the official financial statements of all 10 banks and rounded to the nearest AMD 1 billion; \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.inecobank.am\u002Ffile\u002Fresources\u002Fdocuments\u002FQ1_AMD_a5.pdf?language_id=1\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"background-color: transparent; color: rgb(32, 33, 36);\">Inecobank’s\u003C\u002Fa>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> sector presentation was used as a cross-reference.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Three metrics must be distinguished:\u003C\u002Fspan>\u003C\u002Fp>\u003Col>\u003Cli data-list=\"bullet\">\u003Cspan class=\"ql-ui\" contenteditable=\"false\">\u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Share capital\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> — shareholders’ contributions in exchange for shares in the bank.\u003C\u002Fspan>\u003C\u002Fli>\u003Cli data-list=\"bullet\">\u003Cspan class=\"ql-ui\" contenteditable=\"false\">\u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Total equity under IFRS\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> — assets minus liabilities, including provisions and retained earnings. This is the metric used for the table.\u003C\u002Fspan>\u003C\u002Fli>\u003Cli data-list=\"bullet\">\u003Cspan class=\"ql-ui\" contenteditable=\"false\">\u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Regulatory capital\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> — capital after adjustments required by the Central Bank’s rules. This is the figure used to calculate capital adequacy.\u003C\u002Fspan>\u003C\u002Fli>\u003C\u002Fol>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">The ratings column shows the status of public long-term ratings as of \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">July 30, 2026\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">. The rated instruments differ: Moody’s may rate bank deposits, while Fitch and S&P may assess long-term default risk or an issuer’s creditworthiness. Ratings from different agencies that appear similar therefore cannot be treated mechanically as the same metric.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">This article does not assign banks its own “reliability score.” Such a score would require a uniform methodology and comparable data on, at a minimum, each bank’s loan quality, liquidity, concentration, profitability, and capital headroom. Here, capital determines the ranking, while ratings serve as a separate external signal.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">How Do All 17 Armenian Banks Rank by Capital in 2026? \u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">As of March 31, 2026, the combined equity of Armenia’s 17 operating banks was approximately \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">AMD 2.299 trillion\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">. The top ten accounted for approximately \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">AMD 1.86 trillion\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">, or around \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">81%\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> of the sector’s capital. The ranking does not consider assets, deposits or profit and does not mean that a bank with more capital automatically offers better pricing or service.\u003C\u002Fspan>\u003C\u002Fp>\u003Ctable>\u003Ctbody>\u003Ctr>\u003Ctd data-row=\"1\" class=\"ql-align-center\">\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Rank\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd data-row=\"1\">\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Bank\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd data-row=\"1\" class=\"ql-align-center\">\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Capital as of March 31, 2026, AMD bn\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd data-row=\"1\">\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Public long-term rating status as of July 31, 2026\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"2\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">1\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"2\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Ardshinbank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"2\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">459\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"2\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Fitch BB−\u002FPositive; S&P BB−\u002FStable; Moody’s Ba3\u002FStable\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"3\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">2\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"3\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Ameriabank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"3\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">358\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"3\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">S&P BB−\u002FStable; Moody’s Ba3\u002FStable\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"4\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">3\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"4\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AMIO Bank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"4\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">219\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"4\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AFM found no active public rating from Moody’s, S&P or Fitch\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"5\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">4\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"5\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">ACBA Bank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"5\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">203\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"5\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Fitch BB−\u002FStable; Moody’s Ba3\u002FStable\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"6\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">5\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"6\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Inecobank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"6\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">128\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"6\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Moody’s Ba3\u002FStable\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"7\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">6\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"7\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Converse Bank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"7\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">110\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"7\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Moody’s Ba3\u002FStable\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"8\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">7\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"8\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Evocabank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"8\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">108\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"8\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Fitch B+\u002FStable was affirmed and subsequently withdrawn on May 15, 2026; no active rating existed at the cut-off date\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"9\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">8\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"9\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">ArmSwissBank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"9\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">93\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"9\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AFM found no active public rating from Moody’s, S&P or Fitch\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"10\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">9\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"10\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Armeconombank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"10\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">92\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"10\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Fitch B+\u002FStable; Moody’s ratings withdrawn on February 11, 2026 — previously B1\u002FStable\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"11\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">10\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"11\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">IDBank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"11\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">90\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"11\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">S&P BB−\u002FStable; Moody’s Ba3\u002FStable\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"12\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">11\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"12\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Fast Bank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"12\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">86\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"12\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AFM found no active public rating from Moody’s, S&P or Fitch\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"13\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">12\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"13\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AraratBank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"13\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">84\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"13\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AFM found no active public rating from Moody’s, S&P or Fitch\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"14\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">13\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"14\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">VTB Bank (Armenia)\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"14\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">70\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"14\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AFM found no active public rating from Moody’s, S&P or Fitch\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"15\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">14\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"15\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Mellat Bank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"15\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">68\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"15\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AFM found no active public rating from Moody’s, S&P or Fitch\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"16\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">15\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"16\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Unibank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"16\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">54\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"16\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Moody’s B1\u002FStable\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"17\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">16\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"17\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Artsakhbank\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"17\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">41\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"17\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AFM found no active public rating from Moody’s, S&P or Fitch\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd data-row=\"18\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">17\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"18\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Byblos Bank Armenia\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"18\" class=\"ql-align-center\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">36\u003C\u002Fspan>\u003C\u002Ftd>\u003Ctd data-row=\"18\">\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AFM found no active public rating from Moody’s, S&P or Fitch\u003C\u002Fspan>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Seven of the 10 banks had a current public rating from at least one of the “Big Three” agencies: Ardshinbank, Ameriabank, ACBA Bank, Inecobank, Converse Bank, Armeconombank, and IDBank. \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.fitchratings.com\u002Fresearch\u002Fbanks\u002Ffitch-affirms-armeconombank-at-b-outlook-stable-21-01-2026\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"background-color: transparent; color: rgb(32, 33, 36);\">Fitch\u003C\u002Fa>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> affirmed Armeconombank at B+\u002FStable on January 21, 2026; the official \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.aeb.am\u002Fen\u002Fawards-and-ratings\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"background-color: transparent; color: rgb(32, 33, 36);\">AEB\u003C\u002Fa>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> page also lists Moody’s B1\u002FStable. Fitch affirmed and then withdrew \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.fitchratings.com\u002Fresearch\u002Fbanks\u002Ffitch-affirms-ojsc-evocabank-at-b-withdraws-ratings-15-05-2026\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"background-color: transparent; color: rgb(32, 33, 36);\">Evocabank’s \u003C\u002Fa>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">rating on May 15.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">What Does the Comparison Show?\u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">The sector’s capital is highly concentrated: Ardshinbank and Ameriabank together had approximately \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">AMD 817 billion\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">, while the top four held around \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">AMD 1.24 trillion\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">. However, a difference in size does not prove a proportionate difference in resilience. Inecobank’s capital, for example, was about 28% of the leader’s, but the bank had a current Moody’s Ba3\u002FStable rating.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Ratings also require context. Fitch or S&P ratings of BB− and Moody’s Ba3 are below investment grade. They provide a standardized external view of credit risk, but do not promise that a depositor will recover any amount in full, and they can be changed or withdrawn.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">The joint climate stress test by the Central Bank of Armenia and the World Bank should not be treated as a bank ranking either. It is a pilot, sector-wide study of transition risk based on data from the end of 2024 and uses, among other assumptions, static balance sheets. It points to a manageable sector-wide impact alongside considerable variation in individual results, but does not establish the reliability of any particular bank.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">How Can You Check a Bank Before Opening an Account?\u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">A proper check should combine information about the bank with the terms of the specific product.\u003C\u002Fspan>\u003C\u002Fp>\u003Col>\u003Cli data-list=\"ordered\">\u003Cspan class=\"ql-ui\" contenteditable=\"false\">\u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Separate the bank from the product.\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> A financially resilient bank may still offer an inconvenient tariff or expensive transfers.\u003C\u002Fspan>\u003C\u002Fli>\u003Cli data-list=\"ordered\">\u003Cspan class=\"ql-ui\" contenteditable=\"false\">\u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Compare your balance with the insurance limit.\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> Money above the statutory limit does not become protected simply because the bank is large.\u003C\u002Fspan>\u003C\u002Fli>\u003Cli data-list=\"ordered\">\u003Cspan class=\"ql-ui\" contenteditable=\"false\">\u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">Read the tariff and agreement.\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> Check fees, currency conversion, SWIFT transfers, cash withdrawals, and early termination of the deposit.\u003C\u002Fspan>\u003C\u002Fli>\u003C\u002Fol>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">For a loan, compare the nominal rate with the \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">annual percentage rate (APR)\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">. For a deposit, compare the nominal rate, compounding, and effective yield. These measures are not part of the capital ranking and must be assessed separately.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">Example: How to Allocate a Hypothetical AMD 40 Million with Deposit Protection in Mind \u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">AMD 40 million is a hypothetical amount selected solely for illustration. If the full AMD 40 million is deposited in drams, it can be split among three banks so that the initial amount falls entirely within the insurance limits, with room left for interest. Under Article 3 of the \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.arlis.am\u002Fhy\u002Facts\u002F182330\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"background-color: transparent; color: rgb(32, 33, 36);\">Law on Deposit Insurance\u003C\u002Fa>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">, compensation is capped at \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">AMD 16 million\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> per depositor, per bank when the depositor holds only AMD-denominated deposits; when the depositor holds only foreign-currency deposits, the cap is the equivalent of \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">AMD 7 million\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">All accounts held by one person at the same bank are aggregated, including interest accrued up to the date of the insured event. Therefore, if AMD 40 million is placed with one bank, at least AMD 24 million of the initial amount will exceed the limit. If AMD 15 million, AMD 15 million, and AMD 10 million are placed with three different banks, the entire initial amount will remain below the limits, although balances including accrued interest must still be monitored.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">For mixed-currency deposits, the limits \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">are not added together\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">. If the AMD-denominated portion exceeds AMD 7 million, compensation is calculated only on that portion, up to AMD 16 million. If the AMD-denominated portion is less than AMD 7 million, it is covered in full and the foreign-currency portion is covered up to the difference between that amount and AMD 7 million. The law does not expressly address the boundary case in which the AMD-denominated portion is exactly AMD 7 million, so anyone considering this structure should first request written clarification from the Deposit Guarantee Fund.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Splitting funds reduces concentration, but does not automatically increase returns. It also creates additional agreements, fees, and administrative work, so the number of banks should reflect both the amount involved and the convenience of managing it.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">Who Can Benefit From This Ranking?\u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">This ranking is useful for readers who want a verifiable first filter based on a bank’s scale. It is particularly relevant to depositors whose balances exceed the insurance limit, business owners, recipients of international transfers, and non-residents who want to narrow a long list of banks to a few candidates for closer review.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">When Should You Avoid Choosing a Bank Based on Its Position in the Table?\u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">A bank’s capital ranking does not tell you which product is more attractive or convenient. For cards, service costs and conversion terms matter; for deposits, yield and early-withdrawal terms; for loans, APR and fees; and for businesses, compliance procedures, online banking, and payment costs. These factors must be compared separately.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">What Capital Requirements Applied in Armenia in July 2026?\u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">The minimum total capital adequacy ratio for banks was \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">11%\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> under the current version of \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Farlis.am\u002Fhy\u002Facts\u002F199980\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"background-color: transparent; color: rgb(32, 33, 36);\">Regulation 2\u003C\u002Fa>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">. This is regulatory capital divided by risk-weighted assets, not the equity shown in the table divided by the bank’s total assets.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">An additional \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">2.5%\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> capital conservation buffer and a \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">1.75%\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> countercyclical capital buffer applied; systemically important banks were also subject to a \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">1.5%\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> systemic buffer. The \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.cba.am\u002Fen\u002Fthe-macro-prudential-policy-tools-applied-in-the-armenia\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"background-color: transparent; color: rgb(32, 33, 36);\">Central Bank of Armenia\u003C\u002Fa>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> publishes these figures, while the \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">1.75%\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> rate is confirmed by its \u003C\u002Fspan>\u003Ca href=\"https:\u002F\u002Fwww.cba.am\u002Fen\u002Fboard-documents\u002F9891\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"background-color: transparent; color: rgb(32, 33, 36);\">decision of April 21\u003C\u002Fa>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">, 2026.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Arithmetically, the requirement plus the buffers came to 15.25% for a regular bank and 16.75% for a systemically important bank. However, this is not a single “minimum ratio”: the base requirement and the buffers have different regulatory functions, and the consequences of falling short differ. Customers should look not only at whether a bank meets the mandatory level, but also at how much headroom it maintains over time.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">FAQ: What Else Should You Know About the Armenian Bank Ranking?\u003C\u002Fstrong>\u003C\u002Fh2>\u003Ch3>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">Is This an Official Ranking by the Central Bank of Armenia?\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">No. The Central Bank of Armenia licenses and regulates banks, but does not publish a consumer ranking of the “most reliable” banks. AFM ranked banks by total equity on a specific date and presented international ratings separately. The sources are official, while the choice of metrics, rounding, and reader-focused conclusions form part of AFM’s editorial methodology.\u003C\u002Fspan>\u003C\u002Fp>\u003Ch3>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">Which Armenian Bank Has the Most Capital in 2026?\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">As of March 31, 2026, Ardshinbank led with approximately AMD 459 billion in capital. Ameriabank ranked second with AMD 358 billion, AMIO Bank third with AMD 219 billion, and ACBA Bank fourth with AMD 203 billion. The figures are rounded and reflect the banks’ position on that reporting date.\u003C\u002Fspan>\u003C\u002Fp>\u003Ch3>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">Is the Largest Bank Automatically the Most Reliable?\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">No. A large capital base helps absorb losses, but does not by itself show loan quality, liquidity, risk concentration, or the stability of profits. Assessing a bank requires several signals: financial statements, regulatory compliance, ratings, changes in key figures over time, and the size of the customer’s balance relative to the deposit insurance limit.\u003C\u002Fspan>\u003C\u002Fp>\u003Ch3>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">Which Top-10 Banks Have International Ratings?\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">As of July 30, 2026, Ardshinbank, Ameriabank, ACBA Bank, Inecobank, Converse Bank, Armeconombank, and IDBank had a current public rating from at least one of the “Big Three” agencies. Fitch withdrew Evocabank’s rating on May 15, 2026, so it was not current as of the cutoff date.\u003C\u002Fspan>\u003C\u002Fp>\u003Ch3>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">What Do BB− and Ba3 Ratings Mean?\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Fitch or S&P ratings of BB− and Moody’s Ba3 are below investment grade and indicate substantial credit risk. Do not compare the letters alone: the agency, rated instrument or entity, outlook, decision date, and subsequent changes all matter. A rating is the agency’s opinion, not a government guarantee of the bank’s obligations.\u003C\u002Fspan>\u003C\u002Fp>\u003Ch3>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">Are Non-Residents’ Deposits Insured in Armenia?\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">In general, the law defines a depositor as an individual and does not exclude non-residents. The limit is AMD 16 million for AMD-only deposits and the equivalent of AMD 7 million for foreign-currency-only deposits. A special formula applies to mixed-currency deposits. Foreign branches of Armenian banks and branches of foreign banks in Armenia do not participate in the scheme.\u003C\u002Fspan>\u003C\u002Fp>\u003Ch3>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">How Often Should You Reassess Your Choice of Bank?\u003C\u002Fstrong>\u003C\u002Fh3>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Review the bank at least once a year and after major events, such as a new rating decision, a significant loss, a reduction in capital, or restrictions on transactions. If you hold a large uninsured balance, reviewing every quarterly report may be appropriate. The right frequency depends on the amount, deposit term, and acceptable level of risk.\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cbr>\u003C\u002Fp>\u003Ch2>\u003Cstrong style=\"background-color: transparent; color: rgb(67, 67, 67);\">What Is the Main Takeaway From the Ranking?\u003C\u002Fstrong>\u003C\u002Fh2>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">Ardshinbank was \u003C\u002Fspan>\u003Cstrong style=\"background-color: transparent; color: rgb(32, 33, 36);\">No. 1 by capital\u003C\u002Fstrong>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\"> as of March 31, 2026, and Ameriabank was No. 2; both banks also had several current international ratings. This is the most precise short conclusion supported by the data reviewed. The table does not allow any one bank to be described as universally the “most reliable.”\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Cspan style=\"background-color: transparent; color: rgb(32, 33, 36);\">The practical process is simple: choose two or three candidates, review their latest financial statements and ratings, and then compare their agreements and tariffs. If your balance exceeds the insurance limit, consider splitting it among several banks and leave room for accrued interest. This turns capital size into a useful screening tool.\u003C\u002Fspan>\u003C\u002Fp>","\u002Fcontent\u002Fuploads\u002Fnews\u002F80096ca5-ac46-4e7b-80ee-db1cb742583a.webp","\u002Fcontent\u002Fuploads\u002Fnews\u002Fthumbnails\u002F80096ca5-ac46-4e7b-80ee-db1cb742583a.webp",null,"2026-07-31 12:00:00","2026-08-11 14:50:09",1760,{"title":67,"slug":68},"Journal","journal",[70,73,76,79,82,85,88,91,94,97,100,103,106,109,112,115,118],{"title":71,"slug":72},"Acba Bank","acba-bank",{"title":74,"slug":75},"Ameriabank","ameriabank",{"title":77,"slug":78},"AMIO Bank","amio-bank",{"title":80,"slug":81},"ID Bank","id-bank",{"title":83,"slug":84},"Araratbank","araratbank",{"title":86,"slug":87},"Ardshinbank","ardshinbank",{"title":89,"slug":90},"ArmSwissBank","armswissbank",{"title":92,"slug":93},"Artsakhbank","artsakhbank",{"title":95,"slug":96},"Byblos Bank Armenia","byblos-bank-armenia",{"title":98,"slug":99},"Evocabank","evocabank",{"title":101,"slug":102},"Inecobank","inecobank",{"title":104,"slug":105},"Converse Bank","converse-bank",{"title":107,"slug":108},"Armeconombank","armeconombank",{"title":110,"slug":111},"Mellat Bank","mellat-bank",{"title":113,"slug":114},"Unibank","unibank",{"title":116,"slug":117},"VTB Bank","vtb-bank",{"title":119,"slug":120},"Fast Bank","fast-bank",{"first_name":122,"last_name":123,"full_name":124,"avatar":125,"email":126,"slug":127,"company":62,"phone":62,"title":62,"description":128,"position":129,"position_description":130,"social_links":131},"Davit","Gyulnazaryan","Davit Gyulnazaryan","\u002Fcontent\u002Fuploads\u002Favatars\u002F46872e597a52a51acd0c2d71daa90e8d.webp","david.gyulnazaryann@gmail.com","davit-gyulnazaryan","\u003Cp>Financial analyst with experience in audit, financial planning, budgeting, and business analysis. His professional background includes financial reporting, forecasting, performance analysis, financial modeling, and data analytics, as well as experience working with fintech-related solutions. At AFM, he writes market analyses and financial articles, helping readers better understand financial products.\u003C\u002Fp>","Financial content writer and analyst at AFM","\u003Cp>Responsible for content planning and the creation of financial articles, market reviews, and analytical materials for AFM users\u003C\u002Fp>",[132],{"name":133,"link":134,"status":135},"linkedin","https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fdavid-arshakyan\u002F",1,[],{"title":138,"description":139,"keywords":140},"Armenian Banks Ranked by Capital and International Ratings — 2026","We compared Armenia’s 10 largest banks by total equity as of July 31, 2026, and the status of their Moody’s, S&P, and Fitch ratings. We explain how to assess a bank’s reliability and how deposit insurance works.",[],{"left":5,"top":5,"width":30,"height":30,"rotate":5,"vFlip":7,"hFlip":7,"body":142},"\u003Cpath fill=\"currentColor\" d=\"M5 19v-8.692q0-.384.172-.727t.474-.565l5.385-4.078q.423-.323.966-.323t.972.323l5.385 4.077q.303.222.474.566q.172.343.172.727V19q0 .402-.299.701T18 20h-3.384q-.344 0-.576-.232q-.232-.233-.232-.576v-4.769q0-.343-.232-.575q-.233-.233-.576-.233h-2q-.343 0-.575.233q-.233.232-.233.575v4.77q0 .343-.232.575T9.385 20H6q-.402 0-.701-.299T5 19\"\u002F>",{"left":5,"top":5,"width":30,"height":30,"rotate":5,"vFlip":7,"hFlip":7,"body":144},"\u003Cpath fill=\"none\" stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"m9 18l6-6l-6-6\"\u002F>",{"left":5,"top":5,"width":146,"height":146,"rotate":5,"vFlip":7,"hFlip":7,"body":147},14,"\u003Cg fill=\"none\">\u003Cpath fill=\"currentColor\" d=\"M7 11.529c-4.33 0-6.475-4.135-6.562-4.31a.51.51 0 0 1 0-.437C.525 6.607 2.669 2.494 7 2.494s6.475 4.113 6.563 4.288a.51.51 0 0 1 0 .437c-.088.175-2.231 4.31-6.563 4.31M1.444 7c.481.81 2.363 3.544 5.556 3.544S12.075 7.81 12.557 7C12.075 6.191 10.194 3.457 7 3.457 3.807 3.457 1.925 6.19 1.444 7\"\u002F>\n    \u003Cpath fill=\"currentColor\" d=\"M7 8.86A1.86 1.86 0 0 1 5.14 7c0-1.028.832-1.86 1.86-1.86S8.86 5.973 8.86 7 8.027 8.86 7 8.86m0-2.735A.88.88 0 0 0 6.125 7c0 .481.394.875.875.875A.88.88 0 0 0 7.875 7 .88.88 0 0 0 7 6.125\"\u002F>\u003C\u002Fg>"]