Armenia-based banks paid 27.6 billion drams in taxes and duties for first half of 2018

YEREVAN, July 30 /ARKA/. All 17 Armenia-based commercial banks are in the list of 1000 largest taxpayers for the first half of 2018. They paid about 27.6 billion drams in taxes and duties, up from 21.6 billion drams paid for the first half of 2017, the State Revenue Committee (SRC) said.

According to SRC, about 25 billion drams were collected as direct taxes (income tax and payroll tax), and about 915.6 million drams as indirect tax (VAT and excise tax), and another 1.6 billion drams were collected as other taxes, duties and mandatory payments.

The five leading banks by size of paid taxes are Ameriabank – 3.7 billion drams (19th in the list of 1000 largest taxpayers), ACBA-CREDIT AGRICOLE BANK – 3.16 billion drams (22nd), Inecobank – 2.9 billion drams (27th) Ardshinbank – 2.5 billion drams (31st), VTB Bank (Armenia) – about 2.4 billion drams (33rd ).

The list of the first hundred largest taxpayers included also Armbusinessbank – 2.2 billion drams, Converse Bank – 2.1 billion drams, Armeconombank – 1.4 billion drams, ArmSwissbank – 1.13 billion drams, Unibank – 1.11 billion drams, Araratbank – 1 billion drams, HSBC Bank Armenia – 971.5 million drams.

Overall, Armenia’s 1000 largest corporate taxpayers paid over 446.6 billion drams in various taxes in the first half of 2018, by 18% or 68.1 billion drams more than in the same period of time in 2017,. ($ 1 – 480.89 drams). –0-

spot_img

POPULAR

Loans issued by Armenian commercial banks approached 8.9 trillion drams at the end of July

The volume of loans issued by commercial banks in Armenia as of the end of July 2026 amounted to 8,898,629 million drams, compared to 8,775,241 million drams at the end of June.

Cube Invest announces the placement of AMD bonds worth 5 billion drams

By Decision No. 1/288 A of the Chairman of the Central Bank of the Republic of Armenia dated July 1, 2026, the program prospectus for Cube Invest CJSC's registered coupon bonds was registered.

“Orran” Students Start the New Academic Year with Support from “The Power of One Dram”

On September 1, students of the “Orran” charitable NGO welcomed the new academic year with all the necessary school supplies, with the support of “The Power of One Dram” initiative.

EBRD Bonds Worth 5 Billion AMD Listed on AMX

Bonds of the European Bank for Reconstruction and Development (EBRD) with a total nominal value of 5,000,000,000 AMD have been listed on the Armenia Securities Exchange (AMX), the AMX press service reported.

IMF noted the low level of insurance coverage for natural disaster risks in Armenia

Insurance penetration in Armenia remains low, particularly in agriculture and property insurance, according to the International Monetary Fund's report "Armenia: Climate Policy Diagnostic - July 2026," published on September 3, 2026.

LATEST NEWS

spot_imgspot_imgspot_img