VTB Bank (Armenia) transfers AMD 2.024 billion to government budget in Jan-June 2016

YEREVAN, August 2. /ARKA/. VTB Bank (Armenia) has transferred about AMD 2.024 billion to the government budget over the first half of this year and became the second biggest taxpayer among the country’s commercial banks, the press office of the bank reported on Tuesday.

According to the Armenian State Revenue Committee’s report, VTB Bank (Armenia) was the 26th largest taxpayer in Armenia in Jan-June 2016.

Armenia’s all commercial banks were among the biggest taxpayers in the first half of this year – their share in the tax revenue for the 1st H 2016 was 5.6%.

Armenia’s commercial banks sent about AMD 19.4 billion in Jan-June 2016 against the AMD 22.5 billion transferred over the same period a year before.

As a whole, 1000 largest taxpayers transferred over AMD 346.7 billion to the government budget in Jan-June 2016.

VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches all over Armenia’s territory – the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators. -0—

spot_img

POPULAR

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

VTB (Armenia) Expands Payment Options for Russian Tourists

Ahead of the tourist season, VTB (Armenia) is strengthening its acquiring infrastructure, expanding its network and introducing digital payment solutions.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

LATEST NEWS

spot_imgspot_imgspot_img