Over 12.5 billion transferred by Armenian banks to government budget in 1st h 2011

YEREVAN, August 10. /ARKA/. Twenty from Armenia’s 21 commercial banks found themselves in the list of 1,000 largest taxpayers of the country in the first half of this year.

According to the information available on the Armenian State Revenue Committee’s website, they transferred more than AMD 12.5 billion to the government budget over the mentioned period against about AMD 7.6 billion in Jan-June 2010.

According to the committee’s report, AMD 12.4 billion was paid by banks as taxes and AMD 165.8 million as customs duties in the 1st half of this year.

Banks’ share in total taxes paid by 1,000 biggest taxpayers was 5.4%.

HSBC Bank Armenia, with its AMD1.9 billion sent to the government budget in the first half of this year, was the largest taxpayer among Armenian banks and 14th among Armenia’s 1,000 top taxpayers.

Bank VTB (Armenia), with AMD 1.6 billion, was the second biggest taxpayer among the country’s banks and was placed 18th in the committee’s ranking.

ACBA-Credit Agricole Bank follows Bank VTB (Armenia) with AMD 1.4 billion and 21st rank, and Ameriabank follows ACBA-Credit Agricole Bank with AMD 933.7 million and 39th rank.

Top 1,000 taxpayers transferred over AMD 232.5 billion to the government budget in Jan-Jun 2011 against 209.2 billion at the same period a year earlier. ($1 = AMD 368.27). M.V.-0—

Rank Bank Tax payments
(thousand AMD)
Jan-Jun 2011 Jan-Jun 2010
14 HSBC Bank Armenia 1,942,012.1 664,591.8
18 Bank VTB (Armenia) 1,560,703.4 547,390.7
21 ACBA-Credit Agricole Bank 1,390,073.0 1,677,465.1
35 Ardshininvestbank 1,040,160.4 543,193.6
39 Ameriabank 933,687.2 730,721.8
45 Unibank 871,923.9 518,287.1
55 Inecobank 716,892.6 234,907.9
74 Araratbank 517,728.6 129,941.3
76 Armbusinessbank 502,391.0 837,227.5
84 Anelik Bank 467,784.0 213,486.0
108 Areximbank – Gazprombank Group 388,058.8 230,682.4
110 Converse Bank 380,127.8 280,492.3
127 Armeconombank 325,247.8 213,510.0
147 Armenian Development Bank 282,881.4 145,890.2
155 Mellat Bank 266,733.5 45,362.3
160 ArmSwissbank 255,761.5 198,851.4
171 Bank Prometey 233,658.3 113,660.5
188 Byblos Bank Armenia 206,301.7 83,694.8
197 ProCredit Bank 194,874.3 143,122.9
645 BTA Bank 56,729.2 44,537.8
Total 12,533,730.5 7,597,017.3


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