YEREVAN, February 2. /ARKA/. The VTB Bank (Armenia) paid a total of 3.4 billion drams in various taxes in 2016, according to the Armenian State Revenues Committee.

The Russian-owned bank was second among local commercial banks in terms of paid taxes last year and was ranked 29th in the list of the 1000 largest corporate taxpayers of the country.

All 17 commercial banks, operating in Armenia, were placed in the list of the 1000 largest taxpayers. In 2016 Armenia’s largest 1000 corporate taxpayers paid more than 716.9 billion drams in various taxes, by 2.8% or 19.6 billion drams more than in the previous year, according to the State Revenue Committee.

VTB Bank (Armenia) was entirely acquired by Russian VTB Group in 2004. It runs 67 branches across Armenia. ($ 1 - 485.91 drams) -0-