Bank assets as a share of GDP reached 81.2 % in 2018 in Armenia, according to the National Central Bank. This is 11.3 % more than in the previous year.
Historically, bank assets as a share of GDP in Armenia reached an all time high of 81.2 % in 2018 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 Georgia amounted to 95.4 % and 106 % in Turkey in 2018.
Armenia has been ranked 48th within the group of 96 countries we follow in terms of bank assets as a share of GDP, 75 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.