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Commercial bank branches in Armenia

Armenia: Commercial bank branches was 22.69 per 100,000 adults in 2024. ▲ Rising

Latest (2024)
22.69 per 100,000 adults
Change on year
down 0.9%
World rank
32nd
of 184 countries
All-time high
24.36 per 100,000 adults
in 2020
All-time low
10.26 per 100,000 adults
in 2004
Years of data
21
2004–2024

Commercial bank branches in Armenia, 2004–2024

05101520252004201420242004: 10.3 per 100,000 adults2005: 11.6 per 100,000 adults2006: 12.9 per 100,000 adults2007: 14.8 per 100,000 adults2008: 16.2 per 100,000 adults2009: 16.7 per 100,000 adults2010: 17.5 per 100,000 adults2011: 19 per 100,000 adults2012: 20.3 per 100,000 adults2013: 20.8 per 100,000 adults2014: 22 per 100,000 adults2015: 22.8 per 100,000 adults2016: 22.7 per 100,000 adults2017: 22.9 per 100,000 adults2018: 23.4 per 100,000 adults2019: 24.1 per 100,000 adults2020: 24.4 per 100,000 adults2021: 24.1 per 100,000 adults2022: 24.2 per 100,000 adults2023: 22.9 per 100,000 adults2024: 22.7 per 100,000 adults

Source: IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data. Measured in per 100,000 adults.

Analysis

In 2024, commercial bank branches in Armenia stood at 22.69 per 100,000 adults.

Compared with earlier readings it is down 0.9% on the previous year and up 3.4% over ten years.

Over the whole period, commercial bank branches in Armenia peaked at 24.36 per 100,000 adults in 2020 and was at its lowest, 10.26 per 100,000 adults, in 2004.

That places Armenia 32nd out of 184 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently rising across the 21 years of available data.

Commercial bank branches in Armenia, year by year

Year per 100,000 adults Change
2004 10.26 per 100,000 adults —
2005 11.62 per 100,000 adults +13.3%
2006 12.86 per 100,000 adults +10.7%
2007 14.8 per 100,000 adults +15.1%
2008 16.2 per 100,000 adults +9.4%
2009 16.69 per 100,000 adults +3.0%
2010 17.5 per 100,000 adults +4.8%
2011 18.96 per 100,000 adults +8.3%
2012 20.28 per 100,000 adults +7.0%
2013 20.84 per 100,000 adults +2.7%
2014 21.95 per 100,000 adults +5.3%
2015 22.79 per 100,000 adults +3.8%
2016 22.69 per 100,000 adults -0.4%
2017 22.87 per 100,000 adults +0.8%
2018 23.41 per 100,000 adults +2.4%
2019 24.06 per 100,000 adults +2.7%
2020 24.36 per 100,000 adults +1.3%
2021 24.07 per 100,000 adults -1.2%
2022 24.17 per 100,000 adults +0.4%
2023 22.89 per 100,000 adults -5.3%
2024 22.69 per 100,000 adults -0.9%

Averages by decade

DecadeAverage LowestHighest Years
2000s 13.74 per 100,000 adults 10.26 per 100,000 adults 16.69 per 100,000 adults 6
2010s 21.54 per 100,000 adults 17.5 per 100,000 adults 24.06 per 100,000 adults 10
2020s 23.64 per 100,000 adults 22.69 per 100,000 adults 24.36 per 100,000 adults 5

Countries ranked near Armenia

  1. 29 Serbia 23.97 per 100,000 adults compare
  2. 30 Samoa 23.85 per 100,000 adults compare
  3. 31 Nepal 23.82 per 100,000 adults compare
  4. 33 Tunisia 22.37 per 100,000 adults compare
  5. 34 Bahamas 22.16 per 100,000 adults compare
  6. 35 Vanuatu 21.96 per 100,000 adults compare

See the full ranking of 184 places →

More reference data data for Armenia

All data for Armenia →

Frequently asked questions

What is commercial bank branches in Armenia?
Commercial bank branches in Armenia was 22.69 per 100,000 adults in 2024, according to IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data.
What is the highest commercial bank branches recorded in Armenia?
The highest recorded value was 24.36 per 100,000 adults in 2020.
What is the lowest commercial bank branches recorded in Armenia?
The lowest recorded value was 10.26 per 100,000 adults in 2004.
How does Armenia rank for commercial bank branches?
Armenia ranks 32nd out of 184 countries with data for 2024.
Is commercial bank branches rising or falling in Armenia?
Over the last ten years it is up 3.4%. The long-run trend across the full record is rising.
Where does this Armenia data come from?
The figures come from IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data, published as part of Commercial bank branches. Statizoid updates them automatically from the source API.

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Commercial bank branches in Armenia. Statizoid, drawing on IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data. Retrieved 31 August 2026, from https://reference.statizoid.com/stat/number-of-commercial-bank-branches-per-100000-adults/armenia/

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About this data

Indicator
Commercial bank branches
Unit
per 100,000 adults
Source
IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
184 places, 3,628 data points, 2004–2024
Last refreshed

Number of commercial bank branches per 100,000 adults. Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks to provide financial services to customers.