Tue, 12 August
28.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

VTB Bank (Armenia) is a leader in terms of paid taxes for 9 months

YEREVAN, November 1. / ARKA /. VTB Bank (Armenia) was one of the leading banks by size of taxes paid for the first 9 months 2016. The Russian-owned bank paid a total of 2.8 billion drams in various taxes, according to its press release.

The bank was second among 19 commercial banks and 27th in the list of the 1000 largest corporate taxpayers, according to the data, released by the State Revenues Committee (SRC).

All the 19 commercial banks were among the 1,000 largest corporate taxpayers accounting for 5.3% of the total volume of taxes paid in the reporting period. In general, the 1000 largest taxpayers paid more than 525 billion drams in various taxes.

VTB Bank (Armenia) was acquired by Russian VTB group in 2004. It runs 67 branches in Armenia. ($ 1 – 475.14 drams). -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Market capitalization in July increased by 45.3% year-on-year, exceeding 463 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for July 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity. 

Armenian Central Bank  developing mechanisms for insurance and combating financial fraud

Armenia's Central Bank is developing a set of tools to combat financial and cyber fraud, the deputy chairman of the Central Bank Armen Nurbekyan said at a press conference on Tuesday.

Net inflow of money transfers to Armenia from abroad decreased by 1.3% in half-year

The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, in January-June 2025 amounted to $587.6 million against $595.4 million in January-June 2024, according to the report of the Central Bank of the Republic.

Average settlement rate of dram to dollar in July was 1% lower than a year ago

In July 2025, the average settlement rate of the Armenian dram to the US dollar was 384.1 drams, which is 1% lower than the same indicator in June 2024 (388.1 drams).

LATEST NEWS

spot_imgspot_imgspot_img