Armenian commercial banks pay 4.4 billion drams of taxes in Q1

YEREVAN, April 28, /ARKA/. The list of 1000 largest companies, compiled by the State Revenue Committee, included 21 commercial banks which paid in January-March a total of 4.4 billion Drams of taxes.  Some 91.2% of this amount, about 4 billion Drams, were direct taxes. Overall the banks accounted for 4.5% of all taxes collected in the first quarter from the largest 1000 taxpayers.

The list of commercial banks was topped by Credit Agricole Bank that paid 747.1 million Drams of taxes, it was followed by Armbusinessbank-540.7 million Drams, Ameriabank-474.4 million, Ardshininvestbank-458.3 million Drams, HSBC Bank Armenia- 403.2 million Drams, Bank VTB Armenia- 361.7 million Drams. Overall the 1000 largest companies paid 97.5 billion Drams of taxes in Q1. ($1 – 388.81 Drams).  -0-

rating Bank Taxes paid (thousand, AMD)
Jan.-March, 2010 Jan.-March, 2009
16 ACBA Credit Agricole 747,126.9 400,299.9
25 Armbusinessbank 540 736,5 111,194.3
30 Ameriabank 472 437,4 105,421.2
31 Ardshininvestbank 458 321,4 338,411.7
36 HSBC Bank Armenia 403 209,7 459,213.4
48 Bank VTB Armenia 361 719,9 464,725.9
85 Converse bank 189 569,7 139,069.6
96 Unibank 176 600,6 431,292.2
130 Areximbank 138 438,2 97,808.1
134 Armswissbank 133 427,9 —–
141 Inecobank 126 244,9 172,644.4
147 Armeconombank 118 367,5 57,550.7
191 Bank Anelik 90 104,1 78,079.5
219 ProCredit Bank 78 784,0 72,131.2
220 Ararat bank 78 594,7 59,871.9
226 Armenian Development Bank 76 691,9 72,159.8
232 Cascade Bank 74 658,6 20,198.7
308 Bank Prometey 52 885,0 34,327.9
342 Byblos Bank Armenia 48 328,1 17,975.1
481 Bank Mellat 34 178,9 101,600.7
686 BTA Bank 22 713,6 51,338.7
Total 4 423,138.9
spot_img

POPULAR

Euro and ruble rose against the Armenian dram, while the dollar weakened: Central Bank of Armenia

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, decreased by 0.16 points to 360.14 drams on October 29, 2026, compared to October 28.

Pashinyan: Armenian citizens received 95 billion drams in income tax refunds in 2025, and 78.6 billion drams in 2026

In 2025, Armenian citizens received 95 billion drams (approximately $263 million) in income tax refunds on mortgage loans, and 78.6 billion drams since the beginning of 2026.

An increase in refinancing rate will not necessarily lead to higher loan prices: Head of Central Bank

An increase in the refinancing rate does not necessarily mean higher loan prices, stated Martin Galstyan, Chairman of the Central Bank of Armenia.

Acba Bank at COP17: Solutions for Sustainable Agriculture

At COP17, Acba Bank participated in a panel discussion organized by the European Bank for Reconstruction and Development (EBRD) dedicated to the future of sustainable agriculture, long-term investments, and the need for environmentally responsible financing solutions.

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

LATEST NEWS

spot_imgspot_imgspot_img