Sat, 9 August
34.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenian banks paid 40.5 billion drams in taxes in 2017

YEREVAN, February 1. /ARKA/. The list of Armenia’s 1000 largest corporate taxpayers in 2017 includes all 17 commercial banks operating in the country, which paid about 40.5 billion drams in taxes, up from 34.4 billion drams paid in 2016, the State Revenue Committee said.

Of that amount about 40.2 billion drams were collected by the tax authorities, and about 278.9 million drams by the customs authorities. Some 36 billion drams were direct taxes (income and payroll taxes), 2.23 billion drams were indirect taxes (including VAT and excise tax), and another 2.2 billion drams were other taxes, duties and mandatory payments.

The five leading banks by size of paid taxes last year were Ardshinbank – 4.7 billion drams (26th place), VTB Bank (Armenia) – about 4.2 billion drams (29th place), ACBA-CREDIT AGRICOLE BANK – 4.18 billion drams (30th place), Ameriabank – 4 billion drams (32nd place) and Armbusinessbank – 3.3 billion drams (43rd place).

The list of the 100 largest taxpayers includs also Inecobank – 3 billion drams, Anelik Bank – 2.7 billion drams, Unibank – 2.6 billion drams, Converse Bank – 2.47 billion drams, Araratbank – 2 billion drams, ArmSwissbank – 1.8 billion drams, Armeconombank – 1.7 billion drams.

Overall, the 1000 largest taxpayers paid over 807.4 billion drams in various taxes last year, by 12.7% or 91.2 billion drams more than in 2016. ($ 1 – 480.81 drams). -0-

spot_img

POPULAR

Armenian bank sees HSBC Malta takeover as gateway to Europe

Ardshinbank has submitted an offer to acquire HSBC Malta, David Sargsyan, deputy chairman of the Armenian bank, told the Times of Malta.

Armenia’s state budget had a deficit of 39.2 billion drams in the first half of the year, according to the Finance Ministry.

The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.

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

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

Loan portfolio of Armenian banks in first half of 2025 amounts 7.1 trillion drams -UBA

The loan portfolio of the 17 Armenia-based commercial banks increased to 7.1 trillion drams in the first half of 2025, up from 6.4 trillion drams in the same period of 2024, according to Daniel Azatyan, the head of the Union of Banks of Armenia (UBA).

Armenia’s banking sector’s  profit amounted to 201 billion drams in January-June – UBA

The 17 banks in Armenia earned a combined profit of 201 billion drams in the first half of 2025, said Daniel Azatyan, head of the Union of Banks of Armenia (UBA).

LATEST NEWS

spot_imgspot_imgspot_img