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

Government securities dominate Armenia’s capital market, with a volume of approximately $7.4 billion – Galstyan

Government securities dominate Armenia's capital market, with a volume of approximately $7.4 billion in circulation, stated Martin Galstyan, Chairman of the Central Bank of the Republic.

Unibank Issues Perpetual Bonds with a 13.25% Annual Yield for Shareholders

Unibank has issued a new tranche of perpetual AMD-denominated bonds with a volume of AMD 9 billion, available exclusively to the bank’s shareholders.

Acba Bank summarized 2025 results with impressive figures

At its annual general meeting of shareholders, Acba Bank summarized the results of 2025 with impressive figures and set new targets for the current year.

Euro, dollar, and ruble exchange rates against the Armenian dram rose: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, as of May 27, 2026, increased by 0.31 points compared to May 26, reaching 368.05 drams.

Unibank will not increase fixed-adjustable interest rates on loans secured by real estate

Unibank has decided to keep unchanged the fixed-adjustable interest rates on consumer and mortgage loans secured by real estate, which were scheduled to increase starting from May 2026.

LATEST NEWS

spot_imgspot_imgspot_img