Armenian banking sector sees growth in loans and assets

The loan portfolio of Armenian banks in 2025 amounted to approximately AMD 7.9 trillion, with consumer loans accounting for the largest share at 23.2%, the President of the Union of Banks of Armenia, Daniel Azatyan, announced at a press briefing summarizing last year’s performance.

As of December 31, 2025, the total loan portfolio of Armenian banks stood at AMD 7 trillion 870 billion, he said.

Consumer loans represented the largest portion, accounting for 23.2% of the total, or AMD 1 trillion 907 billion 520 million. The second largest category was mortgage loans, at 21.3% or AMD 1 trillion 665 billion 545 million.

Following these were construction loans at AMD 859 billion 952 million; loans for the services and other sectors at AMD 836 billion 816 million; trade sector loans at AMD 732 billion 649 million; industrial loans at AMD 728 billion 301 million; and agricultural loans at AMD 404 billion 505 million. Loans to all other sectors combined made up 9.9% of the total.

On a year-on-year basis (compared to 2024), the fastest growth in lending was in the construction sector, which increased by 30.2%. Consumer loans rose by 29.6%, loans for the services and other sectors by 28.4%, industrial loans by 25.2%, agricultural loans by 17.6%, trade loans by 16.1%, and mortgage loans by 13.2%.

Loans to individuals decreased by 2% compared to the previous year, making up 44% of the portfolio, while lending to legal entities increased by 25%, accounting for 56%.

According Azatyan, the total assets of the Armenian banking system reached AMD 12 trillion 830 billion at the end of 2025, increasing by about AMD 1.8 trillion, or 16.6%. Loan investments grew by nearly AMD 1.5 trillion, or 23%, reaching AMD 7.9 trillion.

The total capital of Armenian banks increased by around AMD 400 billion, or 22.4%, totaling approximately AMD 2 trillion 175 billion. Deposits rose by about AMD 1 trillion, or 15.5%, reaching a total of AMD 7.5 trillion. Overall liabilities increased by AMD 1.4 trillion.

Daniel Azatyan noted that over the past 2–3 years, the growth rates of these key indicators have accelerated.