Tue, 21 October
11.1 C
Yerevan
USD: 383.01 RUB: 4.73 EUR: 446.28 GEL: 141.40 GBP: 513.50

Commercial banks in Armenia among 1000 largest corporate taxpayers in third quarter

YEREVAN, November 3. / ARKA /. All 21 commercial banks in Armenia were among the 1000 largest corporate taxpayers in the third quarter having paid about 29.9 billion drams in various taxes, up from 29.6 billion drams they had paid in the same time span of 2013, the State Revenue Committee (SRC) said.

According to the SRC, more than 29.7 billion drams were collected by tax authorities and about 224.7 million drams by tax authorities.

Of the total amount about 28.1 billion drams were paid as direct taxes and about 1.5 billion drams as indirect taxes (including VAT and excise tax). Also 297.3 more million drams were paid as other duties, taxes and mandatory payments. The banks accounted for 5.9% of the total amount of taxes paid in the reporting period by the 100 largest corporate taxpayers of Armenia.

The top five banks by size of paid taxes were ACBA-CREDIT AGRICOLE BANK – about 3.6 billion drams, (17th), Ameriabank – 3.36 billion drams (21st), VTB Bank (Armenia) – about 3.24 billion drams (24th place), HSBC Bank Armenia – 3.24 billion drams (25th) and Ardshiinvestbank -2.5 billion drams (35th).

The list of the top one hundred largest taxpayers included also Inecobank – about 1.97 billion drams (46th), Unibank – 1.92 billion drams (47th), Armbusinessbank – about 1.52 billion drams (63rd), Araratbank – 1.3 billion drams (70th), Armeconombank – 1.19 billion drams (75th), Conversebank – 1.11 billion drams (84th).

Overall, the 1000 largest taxpayers paid in the third quarter more than 504.2 billion drams in various taxes, up from 479.9 billion drams paid in January-September 2013 (an increase of 5%). ($ 1 – 411.26 drams).  -0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img