Armenia’s commercial banks paid 119.6 billion drams in taxes in 2024

YEREVAN, January 27. /ARKA/. All 18 Armenia-based commercial banks are in the list of 1000 largest corporate taxpayers in 2024, having paid 119.6 billion drams in various taxes, the State Revenue Committee said.

It said tax authorities collected about AMD 117.9 billion, while customs authorities – AMD 1.7 billion.

Some 63.4 billion drams were collected as profit tax, 42.7 billion drams as income tax,   3.9 billion drams were collected as VAT and 9.7 billion drams as  other taxes and duties.

The top five banks in terms of taxes paid in 2024 are Ameriabank – AMD 23.5 billion (7th place in the list of 1000 largest taxpayers), Acba Bank – AMD 13.3 billion (18th place), Inecobank – AMD 11.1 billion (23rd place), Unibank – AMD 7.9 billion (32nd place) and Converse Bank – AMD 7.8 billion (33rd place).

The list of the top 100 largest taxpayers include Ardshinbank – AMD 6.7 billion (42nd place), IDBank – AMD 6.4 billion (45th place), Araratbank – AMD 6.1 billion (48th place), Evocabank – AMD 5.6 billion (51st place), VTB Bank (Armenia) – AMD 5.4 billion (54th place), Armeconombank – AMD 5.2 billion (56th place), Ardshininvestbank (former HSBC Bank Armenia ) – AMD 5 bln (63rd place), AMIO BANK – AMD 4.5 bln (68th place) and Fast Bank – AMD 4.1 bln (74th place).

ArmSwissbank paid  2.9 billion drams (108th place), Mellat Bank – 1.51 billion drams (203rd place), Artsakhbank – 1.47 billion drams (211th place) and Byblos Bank Armenia – 1.1 billion drams (291st place).

The Central Bank of Armenia paid 2.1 billion drams in all taxes.-0-.

spot_img

POPULAR

The Power of One Dram April Beneficiary: Davitbek Games NGO

The beneficiary of “The Power of One Dram” initiative for April is “Davitbek Games” NGO.

Armenia and Georgia aim for instant payments and unified QR codes: new steps in fintech integration

Armenia and Georgia are exploring deeper cooperation in financial technology, including synchronizing instant payment systems, simplifying bank account opening, and implementing unified QR codes, announced by Varlam Ebanoidze, Head of the Financial and Supervisory Technologies Development Department at the National Bank of Georgia.

Armenian Card reported technical issues

The national payment system Armenian Card CJSC (ArCa) reported technical issues.

Yerevan’s budget revenue exceeded its target by 7.2% in the first quarter: Municipality

In the first quarter of 2026, Yerevan's budget actually received 22.3 billion drams, compared to its planned revenue of 20.8 billion drams, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Armenia’s risk premium is at a historic low, says Central Bank Deputy Chairman

Armenia's risk premium is at a historic low, said Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img