Armenian banks paid 60.2bln of taxes in 2022

YEREVAN, January 25. /ARKA/. Sixteen out of 18 Armenia-based commercial banks were in the list of 1000 largest corporate taxpayers in 2022 having paid a total of 60.2bln drams in various taxes, according to the State Revenue Committee.

Of that amount 59.6 billion drams were collected by tax authorities and about 516 million drams by customs bodies.

According to the State Revenue Committee, 21.1 billion drams were paid as profit taxes, over 30bln drams as personal income taxes, 2.8bln as VAT and 6.2 billion drams as other taxes and duties.

The leading bank in terms of paid taxes was Ameriabank – about 8.2bln drams (24th in the list of 1000 largest taxpayers)). It was followed by ACBA bank – 7.4bln drams (28th), Ardshinbank – 7.3bln drams (29th), Inecobank – 5.2bln drams (50th) and Armbusinessbank – 4.9bln drams (52nd).

Conversebank paid about 3.9 bln drams (73rd), VTB Bank (Armenia) – about 3.5 bln drams (80th), ArmSwissbank – about 3.73 bln drams (83rd) and Armeconombank – about 3.29 bln drams (84th). All these banks were among 100 largest taxpayers.

Unibank paid  about 2.58 bln drams (107th), IDBank – about 2.56 bln drams (109th), Araratbank – about  2.5 bln drams (112th), HSBC Bank Armenia – about 2.2 bln drams (119th) , Evocabank – about 1.5 bln drams (170th), Mellat Bank – about 807 mln drams (319th) and Byblos Bank Armenia –  803.5 mln drams (320th). The Central Bank of Armenia paid about 1.8 billion drams in taxes.

Artsakhbank (central branch), which used to be among the top 1000 taxpayers in Armenia until 2021 is not listed in the 2022 report. In 2021 Artsakhbank (central branch) paid about 232.7mln drams and was 888th by size of paid taxes.

According to the official data, in 2022 Armenia’s 1000 largest taxpayers paid 1 trillion 490 billion drams in taxes. ($1 – 396.40 drams) -0-

spot_img

POPULAR

Food and non-alcoholic beverages accounted for approximately 59% of Armenia’s inflation in February – WB

n February, inflation in Armenia rose to 4.3% (y/y) from 3.8% (y/y) in January. According to the World Bank's "Armenia Monthly Economic Update – March 2026," food and non-alcoholic beverages continued to be the largest contributors, increasing in price by 6.5% and contributing approximately 59% to overall inflation.

Accelerating inflation in Armenia in January and February driven by food price dynamics – EDB review

In January and February 2026, inflation in Armenia amounted to 3.8% y/y and 4.3% y/y, respectively, according to the EDB's March review.

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

The average market exchange rate for the US dollar to the Armenian dram, determined on March 16, 2026, fell by 0.13 points compared to March 13, to 377.41 drams.

EDB and Armenian Ministry of Finance signed an agreement on provision of technical assistance

An agreement between the Armenian Ministry of Finance and the Eurasian Development Bank (EDB) on the "Provision of Technical Assistance" was signed in Yerevan during a meeting between Minister of Finance Vahe Hovhannisyan and Chairman of the EDB Board of Directors Nikolay Podguzov.

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

LATEST NEWS

spot_imgspot_imgspot_img