Armenia’s commercial banks paid 25.8bln drams to budget in 2012

YEREVAN, January 31. /ARKA/. All Armenian commercial banks (21banks) appeared in the list of the country’s top 1,000 taxpayers, the State Revenue Committee reported.

The banks’ contributions to the budget totaled about 25.8bln drams over the year, as compared to a total of 21.5bln drams in January-December 2011, according to the report.

The taxes collected by the tax authorities alone amounted to over 25.6bln and about 218.8mln drams were collected by the customs.

The share of the banks in the overall tax payments of the 1,000 biggest taxpayers over the period constituted 4.6%.

AKBA-CREDIT AGRICOLE BANK is the biggest tax-payer bank with over 3.6bln drams (21st in the top 1,000 list), followed by HSBC Bank Armenia (about 2.7bln drams, 33rd in the list), Ameriabank (about 2.6bln drams, 35th), Bank VTB (Armenia) (over 2.3bln drams, 42nd) and Armbusinessbank (about 1.7bln drams, 51st).

The following banks are among 100 biggest taxpayers – Ardshininvestbank (over 1.6bln drams, 58th), Unibank (about 1.4bln drams, 62nd), Araratbank (over 1.3bln drams, 66th), Inecobank (over 1.2bln drams, 77th), Areximbank-Gazprombank Group (about 1.1bln drams, 89th) and Bank Mellat (about 1bln drams, 92nd).

In total, the 1,000 biggest tax payers paid over 558.5bln drams to the country’s budget in four quarters of 2012, as compared to 483.5bln drams in January-December 2011. ($1=407.32drams).–0—

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (March 30 – April 5)

From March 30 to April 5, the Armenian financial market focused on exchange rate dynamics, the publication of March inflation data, the meeting of the Central Bank's management with the IMF mission, discussions of the reverse mortgage mechanism, the agreement between the CDA and UzCSD, and issues of disclosure by issuers in the capital market.

IDBank Participates in Regional Conference of the Union of Banks of Armenia, Presenting Innovative Tools for the SME Sector

IDBank took part in the regional conference “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region,” held in Vanadzor and organized by the Union of Banks of Armenia.

IDBank and Idram conducted financial literacy course for children in Lori region

IDBank and Idram have organized a financial literacy course for children residing in the village of Vahagni and nearby areas in the Lori region.

Armenia’s National Assembly Committee Approves Martin Galstyan’s Candidacy for Central Bank Governor

At its meeting on Monday, Armenia's Parliamentary Committee on Financial, Credit, and Budgetary Affairs approved Martin Galstyan's candidacy for the position of Central Bank Governor, nominated by the ruling Civil Contract faction.

Euro and ruble rise against Armenian dram, while USD declines slightly

As of April 6, 2026, the average market exchange rate for the US dollar to the Armenian dram, established on the Armenian foreign exchange market, decreased by 0.36 points from April 3, settling at 376.62 drams.

LATEST NEWS

spot_imgspot_imgspot_img