Banks of Armenia increase their transfers to government budget by 20% in 2018

YEREVAN, February 14. /ARKA/. All the banks operating in Armenia are among the country’s largest taxpayers– they transferred AMD 48.6 billion to the government budget in 2018 against AMD 40.4 billion in 2017.

According to the Stet Revenue Committee, they paid AMD 20 billion as profit tax, AMD 24 billion as income tax, AMD 1.9 billion as VAT and AMD 2.5 billion as other taxes and duties.

Ameriabank is the biggest taxpayer among the country’s banks – it sent AMD 6.1 billion to the government budget and ranked 22nd in the whole list of taxpayers.

ACBA-CREDIT AGRICOLE BANK, with its AMD 6 billion transferred to the government budget, was second among banks and 24th in the total list, Inecobank, with AMD 4.8 billion, was third among banks and 31st in the total ranking, Ardshinbank, with AMD 4.6 billion was fourth and 36th respectively and
VTB Bank (Armenia) fifth and 38th.

Armbusinessbank (AMD 4 billion), Converse Bank (3.4 billion), Armeconombank (AMD 2.5 billion), Unibank (AMD 2.2 billion), Ararabank (AMD 2.14 billion), Armswissbank (AMD 2.1 billion) and HSBC Bank Armenia (AMD 1.8 billion) are among 100 biggest taxpayers of Armenia.

The aggregate net profits of the country’s banks amounted to AMD 62.2 billion in 2018 against AMD 34.8 billion in 2017 showing a 78.7% growth.

As many as 16 of the country’s 17 banks ended the year 2018 with profits.
Armenia’s 1000 largest taxpayers have transferred over AMD 926.7 billion to the government budget in 2018 – 14.7% or AMD 119.3 billion more than in 2017. ($1 – AMD 488.85). 0—

spot_img

POPULAR

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

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of March 10, 2026, increased by 0.12 points compared to March 9, reaching 377.41 drams.

EBRD stands ready to support Armenia in implementing reforms and programs

YEREVAN, March 10. /ARKA/. The European Bank for Reconstruction...

Central Bank of Armenia: Sustainable and Sustainability-Linked Bond Market in Early Stages of Development

In its 2025 Sustainability Report, the Central Bank of Armenia notes that the sustainable and sustainability-linked bond market in the country is in its early stages of development.

A 10% or 15% cashback: Acba Leasing’s offer for businesses

In Armenia, green investments are gradually becoming not an alternative, but a strategic choice.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

LATEST NEWS

spot_imgspot_imgspot_img