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AMD 21.6 billion sent by Armenia’s commercial banks to government budget in 2011

YEREVAN, February 3. /ARKA/. All the 21 commercial banks of Armenia were among the country’s top 1,000 taxpayers in 2011.

According to the information available on Armenian State Revenue Committee’s website, they transferred more than AMD 21.6 billion to the government budget in 2011.

In 2010, twenty banks sent more than 13 billion to the budget.

Tax agencies collected over AMD 21.3 billion from banks and customs services AMD 296.2 million.

Banks accounted for 4.5% of aggregate taxes paid by 1,000 largest taxpayers in 2011.

HSBC Bank Armenia was the biggest taxpayer among Armenia’s banks and 21st among top 1,000 taxpayers – it transferred AMD 2.9 billion to the government budget.

Bank VTB (Armenia), with its AMD 2.5 billion sent to the budget, was second among banks and 30th among the country’s top 1,000.

ACBA Credit Agricole, with AMD 2.4 billion, came third among banks and 33rd among top 1,000.

Ameriabank’s AMD 1.9 billion brought it fourth rank among banks and 40th among top 1,000 taxpayers.

Ardshininvestbank transferred about AMD 1.7 billion to the budget and ranked fifth and 46th respectively.

Four other banks found themselves in the raw of 100 top taxpayers as well – Unibank (about AMD 1.5 billion, 53rd), Armbusinessbank (over AMD 1.2 billion, 69th), Inecobank (over AMD 1.1 billion, 72nd) and Anelik Bank (over AMD 813.3 million, 100th).

Taxes paid by top 1,000 taxpayers totaled more than AMD 483.5 billion in 2011 against AMD 432.8 billion in 2010. ($1 – AMD 387.31).-0-

Rank Name Taxes paid (AMD thousand)
2011 год 2010 год
21 HSBC Bank Armenia 2,919,058.4 1,186,948.0
30 VTB Bank (Armenia) 2,463,640.3 914,301.9
33 ACBA Credit Agricole 2,367,037.1 2,512,092.1
40 Ameriabank 1,892,125.3 1,258,333.2
46 Ardshininvestbank 1,662,412.5 741,149.2
53 Unibank 1,496,674.1 889,971.3
69 Armbusinessbank 1,203,883.8 1,294,101.7
72 Inecobank 1,114,139.9 512,223.0
100 Anelik Bank 813,346.6 501,960.4
104 Araratbank 793,255.3 281,636.6
109 Converse Bank 759,299.5 585,434.1
121 Areximbank – Gazprombank Group 697,643.1 434,822.4
142 Armeconombank 604,833.1 437,882.6
169 Mellat Bank 486,713.7 69,734.2
173 Armneian Development Bank 477,955.9 311,393.8
186 Prometey Bank 441,215.1 218,907.6
188 ArmSwissbank 436,691.9 326,729.8
205 ProCredit Bank 409,350.1 257,134.4
227 Byblos Bank Armenia 373,057.8 189,050.1
541 BTA Bank 138,832.2 89,821.5
900 Artsakhbank 79,199.9
Total 21,630,365.6 13,013,627.8
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