Armenian commercial banks paid 102.8 billion drams in taxes over first 9 months

YEREVAN, October 28. /ARKA/. All 18 Armenia-based commercial banks have been included in the list of the 1,000 largest corporate taxpayers for January-September 2024, having paid a total of 102 billion drams in various taxes, according to the State Revenue Committee.

Tax authorities collected approximately 101.5 billion drams, while customs authorities – 1.3 billion drams.

According to the State Revenue Committee, the banks paid 56.3 billion drams in profit taxes, 26.4 billion in income taxes, 3 billion drams as VAT and another 7.1 billion as other taxes and duties.
The top five banks in terms of tax payments include Ameriabank – 20.4 billion drams (6th place), ACBA Bank – 10.9 billion drams (17th place), Inecobank – 9.5 billion drams (19th place), Ardshinbank – 8.1 billion drams (24th place), Unibank – 6.7 billion drams (27th place).

The list of top 100 taxpayers includes also Conversebank – 6.5 billion drams (28th place), IDBank – 5.3 billion drams (39th place), Araratbank – 5 billion drams (42nd place), Evocabank – 4.7 billion drams (46th place), VTB Bank (Armenia) – 4.4 billion drams (51st place), HSBC Bank Armenia – 4.3 billion drams (52nd place), Armeconombank – 4.2 billion drams (54th place), Fast Bank – 3.42 billion drams (67th place), AMIO Bank- 3.41 billion drams (68th place).

The remaining four banks occupy the following positions: ArmSwissBank – 2.3 billion drams (108th place), Mellat Bank – 1.4 billion drams (166th place), Artsakhbank – 1.2 billion drams (192nd place) and Byblos Bank Armenia – 822.3 million drams (289th place). The Central Bank of Armenia paid a total of 1.6 billion drams in taxes.

According to official data, the 1,000 largest taxpayers paid more than 1.3 trillion drams in taxes. The Zangezur Copper and Molybdenum Combine tops the list with 83.7 billion drams taxes, followed by Mobile Center Art with 49.1 billion drams and Grand Tobacco with 39.8 billion drams. ($1 = 387.25 drams). -0-

spot_img

POPULAR

Armenia plans to attract $1.1 billion in loans in 2027 – Finance Minister

The Armenian government plans to attract $1.1 billion in loans in 2027, said RA Finance Minister Vahe Hovhannisyan.

4.3% Inflation Recorded in Armenia in October  

Twelve-month inflation in Armenia's consumer market in October of this year was 4.3%, according to a report from the Statistical Committee of Armenia.

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.

Euro and US dollar exchange rates rise against the Armenian dram; ruble falls – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, as recorded in Armenia’s foreign exchange market on November 9, 2026, increased by 0.09 points compared to November 6, reaching 360.34 drams.

Fraudsters are issuing loans to Armenian citizens under the guise of utility company employees – the Central Bank has warned of a new scheme

The Central Bank of Armenia has recently received reports of a new financial fraud scheme in which criminals visit citizens' apartments posing as employees of utility companies, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img