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

Armenian banks’ loan portfolio in the first half of the year amounted to 8.8 trillion drams, up 11.5% – Union of Banks

The loan portfolio of Armenian banks in the first half of 2026 amounted to 8.8 trillion drams, up 11.5%, reported Daniel Azatyan, head of the Union of Banks of the Republic.

Central Bank of Armenia explained its decision to keep the interest rate unchanged

The Central Bank of Armenia kept the interest rate unchanged because it has not yet seen any deviation in inflation expectations from the target level, stated Deputy Chairman of the Central Bank Hovhannes Khachatryan.

World Bank does not see significant risks in Armenia’s public debt rising to 50% of GDP

Armenia's public debt could increase to approximately 50% of GDP by the end of 2026, but the World Bank does not view this level as a significant threat to the country's macroeconomic stability, said Armine Manukyan, Senior Economist at the World Bank.

Idram and IDBank Support Startups at Seaside Startup Summit

Thousands of ideas and numerous participants - all in one place.

Central Bank of Armenia has kept the refinancing rate unchanged at 6.5% for the sixth consecutive time

At its meeting on August 4, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the sixth consecutive time, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img