Bank assets as a share of GDP reached 75.3 % in 2017 in Armenia, according to the National Central Bank. This is 8.130000000000001 % more than in the previous year.
Historically, bank assets as a share of GDP in Armenia reached an all time high of 75.3 % in 2017 and an all time low of 16.7 % in 1998. When compared to Armenia's main peers, bank assets as a share of GDP in Azerbaijan amounted to 38.9 %, 92.5 % in Georgia and 102 % in Turkey in 2017.
Armenia has been ranked 69th within the group of 113 countries we follow in terms of bank assets as a share of GDP, 52 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.