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

Pashinyan: Armenian citizens received 95 billion drams in income tax refunds in 2025, and 78.6 billion drams in 2026

In 2025, Armenian citizens received 95 billion drams (approximately $263 million) in income tax refunds on mortgage loans, and 78.6 billion drams since the beginning of 2026.

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

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 0.28 points on November 5, 2026, compared to November 4, to 360.4 drams.

Central Bank of Armenia continued its rate hike amid prevailing inflation risks – Galstyan

The Board of the Central Bank of Armenia has decided to continue its policy of raising interest rates, taking into account the likelihood of scenarios involving increased inflation risks, stated Central Bank Chairman Martin Galstyan.

Nearly $2 billion in new biodiversity funding announced at COP17 in Yerevan — UN

At the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP17), which concluded in Yerevan, nearly $2 billion in new funding for biodiversity conservation was announced, according to a final press release from the Convention Secretariat published on October 31.

Armenia’s public debt will stabilize at around 47% – Finance Minister

Armenia's public debt will stabilize at around 47% of GDP.

LATEST NEWS

spot_imgspot_imgspot_img