Armenia-based banks paid 38.6 billion drams in taxes in 9 months

YEREVAN, November 6, /ARKA/. The list of Armenia’s 1000 largest corporate taxpayers in January-September 2018 includes all local 17 commercial banks, which paid about 38.6 billion drams in various taxes, up from 31.7 billion drams they had paid in the first 9 months of 2017, according to numbers, released by the State Revenue Committee (SRC).

Of that amount some 16.5 billion drams were paid as income tax, 18.2 billion drams as profit tax, 1.7 billion drams as VAT and another 2 billion drams as other taxes and duties.

The list of the top five banks by size of paid taxes includes ACBA-CREDIT AGRICOLE BANK – 4.98 billion drams (19th place), Ameriabank – 4.95 billion drams (20th place), Inecobank – 3.8 billion drams (30th place), Ardshinbank – 3.49 billion drams (34th place) and VTB Bank (Armenia) – about 3.42 billion drams (35th place).

The list of top 100 largest taxpayers includes also Armbusinessbank – 3.1 billion drams, Converse Bank – 2.8 billion drams, Armeconombank – 1.9 billion drams, Unibank – 1.7 billion drams, ArmSwissbank – 1.6 billion drams, Araratbank – 1.57 billion drams, ID Bank – 1.46 billion drams and HSBC Bank Armenia – 1.37 million drams.

Armenia’s 1000 largest corporate taxpayers paid more than 672.1 billion drams in various taxes in the first 9 months of 2018, by 15.7% or 91.3 billion drams more than in the same time span of 2017,. ($ 1 – 487.52 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.

Become a Unibank shareholder and acquire perpetual bonds with a 13.25% yield

Unibank is successfully placing newly issued shares worth AMD 3.9 billion as part of Armenia’s first hybrid investment offering.

Central Bank of Armenia puts into circulation a commemorative silver coin for the 35th anniversary of the Republic

The Central Bank of Armenia will put into circulation a silver commemorative coin, "35th Anniversary of the Republic of Armenia," on September 14, 2026, the regulator's 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.

Unibank Becomes Lead Sponsor of AGBU’s Global Run in Support of Camp Nairi

Unibank has become the Lead Sponsor of the AGBU Global Run in support of Camp Nairi, joining the worldwide fundraising initiative as a corporate donor to help children and families affected by war and displacement.

LATEST NEWS

spot_imgspot_imgspot_img