Armenian commercial banks paid 32.9 billion drams in taxes in first half of 2022

YEREVAN, July 26. /ARKA/.  Sixteen out of 17 Armenia-based commercial banks are in the list of the 1000 largest corporate taxpayers in the first half of 2022 having paid about 32.9bln drams in various taxes, according to the State Revenue Committee (SRC).

Of that amount about 32.7bln drams were collected by tax authorities and 211.4 million drams by   customs bodies.

According to the State Revenue Committee, about 13.5 billion drams were collected as profit tax, about 15.1bln drams as personal income tax, about 1.24bln drams as VAT and about 3bln drams as other taxes.

The five top banks by the size of paid taxes are Ameriabank – about 4.76bln drams (18th in the list of 1000 largest taxpayers), ACBA bank – about 4.15bln drams (21st), Ardshinbank – over 3.6bln drams (24th), Inecobank – over 3bln drams (32nd) and Armbusinessbank – about  2.66bln drams (42nd).

Converse bank paid  about  2.24bln drams (53rd place), ArmSwissbank – about  2.20bln drams (55th place), VTB Bank (Armenia) – about 1.97bln drams (64th place), Armeconombank -about 1.7 bln drams (76th-place), IDBank – about 1.24 bln drams (95th-place), HSBC Bank Armenia – about 1.22 bln drams (96th-place), and Ararat bank – about 1.15 bln drams (99th-place).

Also, Unibank paid  about 1.05 billion drams (111th place), Evocabank – about 765.8 million drams (151st), Mellat Bank – about 317.4 million drams (194th place) and Byblos Bank Armenia – about 435.5 million drams (276th place).

Artsakhbank (central branch), which used to be in the list of top 1000 taxpayers in Armenia, is not included in the reports for the first quarter of 2022 and for the first half of the year.

To recall, in 2021, Artsakhbank (central branch) paid about 232.7 million drams in taxes coming as 888th in the list of 1000 largest taxpayers. The Central Bank of Armenia paid more than 911.9 million drams.

Armenia’s 1000 largest corporate taxpayers paid 722 billion and 325 million drams in various taxes in the first half of 2022. 

According to the SRC, some 613 billion 72 million drams were collected by the tax authorities and than 109 billion 253 million drams by the customs agencies.

The list is topped by the Zangezur Copper-Molybdenum Combine, which paid a total of 104.8 billion drams. It is followed by Gazprom Armenia Company, which paid more than 33 billion drams and Grand Tobacco with more than 20 billion drams of paid taxes.  ($1 – 409.43 drams) -0-

spot_img

POPULAR

In February, commercial bank deposits in Armenia decreased by 0.2%, while lending expanded by 0.9% — World Bank

In February 2026, commercial bank deposits in Armenia decreased by 0.2% (MoM), while lending grew by 0.9% (MoM), according to the World Bank's "Armenia Monthly Economic Update – April 2026."

Ranking of most profitable banks in Armenia based on results of first quarter of 2026

ARKA News Agency has published a ranking of the most profitable banks in Armenia based on the results of the first quarter of 2026.

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

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

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 22, 2026, decreased by 0.21 points compared to April 21, to 372.38 drams.

LATEST NEWS

spot_imgspot_imgspot_img