Number of banks reached 17.0 banks in 2019 in Armenia, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Armenia reached an all time high of 22.0 banks in 2007 and an all time low of banks in. When compared to Armenia's main peers, number of banks in Azerbaijan amounted to 30.0 banks, 15.0 banks in Georgia and 34.0 banks in Turkey in 2019.
Armenia has been ranked 87th within the group of 140 countries we follow in terms of number of banks, 11 places behind the position seen 10 years ago.