Armenian banks’ taxes grow by 6.9 percent in first half of 2019

YEREVAN, August 9. /ARKA/. The list of Armenia’s 1000 largest corporate taxpayers in the first six months of 2019 includes all the 17 commercial banks operating in the country, which paid about 29.5 billion drams in various taxes and duties, up from 27.6 billion drams they had paid in the first half of 2018 (an increase of 6.9%), according to the numbers, released by the State Revenues Committee (SRC).

According to the SRC, the banks paid 13.3 billion drams in income taxes, 14.8 billion drams in payroll taxes, 2.3 billion drams in VAT and another 984.6 million drams in other taxes and duties.

The top five tax payers were Ameriabank – 5.1 billion drams (11th place), ACBA-CREDIT AGRICOLE BANK – 3.8 billion drams (17th place), Armbusinessbank – 2.8 billion drams (28th place), Inecobank – about 2.5 billion drams (34th place) and Ardshinbank – 2.1 billion drams (41st place).

The list of the first hundred largest taxpayers included also Converse Bank – 2.1 billion drams, ArmSwissBank – 1.6 billion drams, Armeconombank – 1.6 billion drams, Unibank – 1.4 billion drams, Araratbank – 1.3 billion drams, HSBC Bank Armenia – 1.3 billion drams.

In general, the 1000 largest taxpayers paid more than 511 billion drams in various taxes in the first half of 2019, by 14.4% or 64.4 billion drams more than in the same period of time in 2018. ($1 – 476.13 drams). -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

ADB expects inflation in Armenia to accelerate to 3.8% in 2026, despite slower growth

The Asian Development Bank (ADB) expects inflation in Armenia to accelerate in 2026, despite slower growth.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

LATEST NEWS

spot_imgspot_imgspot_img