Armenian commercial banks paid 20.5 billion drams in taxes in first quarter of 2023

YEREVAN, April 26. /ARKA/. Seventeen out of 18 Armenia-based commercial banks are in the list of the 1000 largest corporate taxpayers in the first quarter of 2023 having paid 20.5 bln drams in various taxes, according to the State Revenue Committee (SRC).

Of that amount about 202.bln drams were collected by tax authorities and 261.7 million drams by   customs bodies.

According to the State Revenue Committee, about 9.2 billion drams were collected as profit tax, about 9.2 bln drams as personal income tax, about 670.1 mln bln drams as VAT and about 2.1 bln drams as other taxes.

The five top banks by the size of paid taxes are Acba Bank- 7.1bln drams (6th in the list of 1000 largest taxpayers), Ameriabank – about 2 bln drams (22nd), Armeconombank – about 1.8 bln drams (27th), Ardshinbank – 1.5 bln drams (37th) and  Inecobank – 1.2bln drams (51st).

Evocabank paid over 1 bln drams (64th), Converse bank paid 959.6 mln drams (71st), Unibank paid 796.9 mln drams (86th), and VTB Bank (Armenia) paid 765.5 mln drams (93rd).

IDBank paid  659.9 mln AMD (106th), Araratbank – 635.11 mln drams (108th), ArmSwissBank – 610,4 mln drams  (116th), HSBC Bank Armenia – 451.4 mln drams (159th), Armbusinessbank – 365.4 mln drams (201st), Fast Bank – 294.2 mln (244th), Byblos Bank Armenia – 90.2 mln drams (389th) and Mellat Bank – 96.6 mln drams (779th place).

The Central Bank of Armenia paid 605.3mln drams in taxes. 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 2023 ($1 – 387.33 drams) -0-

spot_img

POPULAR

Ranking of the Most Profitable Armenian Banks for the First Quarter of 2026

ARKA News Agency has published a ranking of the most profitable Armenian banks for the first half of 2026.

“ML Fashion” issues bonds: distributor: “Cube Invest”

“ML Fashion” LLC, operating in Armenian fashion retail market, announces public issuance of nominal coupon bonds. The underwriter of the issue is “Cube Invest” investment company.

Euro, dollar, and ruble exchange rates against the Armenian dram have fallen: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of July 23, 2026, fell by 0.94 points compared to July 22, to 365.95 drams.

Dollar and euro exchange rates against the Armenian dram fell again: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 20, 2026, fell by 0.92 points compared to July 17, reaching 365.93 drams.

“Golden Crown” has restricted money transfers from Russia to Armenia and several other countries

The "Golden Crown" payment system has restricted money transfers from Russia to Armenia, Georgia, Kazakhstan, and several other countries following the imposition of new EU sanctions, Russian media report.

LATEST NEWS

spot_imgspot_imgspot_img