Armenian banks’ taxes grow by 6.9 percent in first half of 2019

YEREVAN, August 9. /ARKA/. The list of Armenia’s 1000 largest corporate taxpayers in the first six months of 2019 includes all the 17 commercial banks operating in the country, which paid about 29.5 billion drams in various taxes and duties, up from 27.6 billion drams they had paid in the first half of 2018 (an increase of 6.9%), according to the numbers, released by the State Revenues Committee (SRC).

According to the SRC, the banks paid 13.3 billion drams in income taxes, 14.8 billion drams in payroll taxes, 2.3 billion drams in VAT and another 984.6 million drams in other taxes and duties.

The top five tax payers were Ameriabank – 5.1 billion drams (11th place), ACBA-CREDIT AGRICOLE BANK – 3.8 billion drams (17th place), Armbusinessbank – 2.8 billion drams (28th place), Inecobank – about 2.5 billion drams (34th place) and Ardshinbank – 2.1 billion drams (41st place).

The list of the first hundred largest taxpayers included also Converse Bank – 2.1 billion drams, ArmSwissBank – 1.6 billion drams, Armeconombank – 1.6 billion drams, Unibank – 1.4 billion drams, Araratbank – 1.3 billion drams, HSBC Bank Armenia – 1.3 billion drams.

In general, the 1000 largest taxpayers paid more than 511 billion drams in various taxes in the first half of 2019, by 14.4% or 64.4 billion drams more than in the same period of time in 2018. ($1 – 476.13 drams). -0-

spot_img

POPULAR

Armenian banks’ loan portfolio exceeded AMD 8.56 trillion in the second quarter, representing a 23.56% year-on-year increase

The total loan portfolio of Armenian banks as of June 30, 2026, exceeded AMD 8.56 trillion, representing a 23.56% increase compared to June 30, 2025, and a 6.8% increase compared to March 31, 2026.

Armenian banks’ capital amounted to nearly 2.23 trillion drams at the end of June, representing a 13.63% increase year-on-year

The total capital of Armenian banks as of June 30, 2026, amounted to 2 trillion 226.85 billion drams, an increase of 13.63% compared to June 30, 2025, and a decrease of 3.13% compared to March 31, 2026.

Euro jumped 3.71 points against the Armenian dram: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.43 points on July 30, 2026, compared to July 29, to 366.63 drams.

World Bank forecast inflation in Armenia at 4.6% in 2026: key factors identified

The World Bank forecasts inflation in Armenia at 4.6% by the end of 2026, up from 3.3% a year earlier, said Armine Manukyan, Senior Economist at the World Bank.

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 drams.

LATEST NEWS

spot_imgspot_imgspot_img