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

Armenia to Allow Online Execution of Certain Real Estate Collateral Agreements Without a Notary

Legislative amendments in Armenia will now allow for the electronic execution without the need for notarization of standard, mixed-type real estate collateral agreements involving banks or credit organizations.

Credit investments by Armenian banks exceeded 9 trillion drams in the first 9 months

As of September 30, 2026, credit investments by Armenian banks reached 9.01 trillion drams.

IDBank to Showcase Environmental and Innovative Initiatives at COP17

Together with its partners, IDBank will participate in the 17th meeting of the Conference of the Parties to the UN Convention on Biological Diversity (COP17), where it will present a number of key initiatives focused on green transformation, digital ecosystems, and biodiversity conservation.

Capital of Armenian Banks Reaches 2.32 Trillion Drams in January–September

As of September 30, 2026, the total capital of Armenian banks stood at 2.32 trillion drams.

Armenia to subsidize interest rates on loans and leases for energy storage systems — by up to 10 percentage points

Armenia is introducing a state subsidy for interest rates on loans and leases used to purchase electrical energy storage systems, announced Armenian Minister of Economy Gevorg Papoyan.

LATEST NEWS

spot_imgspot_imgspot_img