Tuesday, 25 September

Commercial Banks in Armenia: Top Ten Taxpayers

Of the 21 commercial banks operating in Armenia, AmeriaBank was the largest taxpayer in 2015.

In 2015 the bank paid 5.4 billion AMD in taxes (US$10.890 million), making it the 15th largest taxpayer overall.

VTB-Armenia was the second largest bank taxpayer in 2015 – 4.453 billion AMD ($8.980 million). The bank was the 24th largest taxpayer overall.

ArdshinBank came in as the third largest bank taxpayer – 4.369 billion AMD ($8.8 million). This made it the 25th largest taxpayer overall.

HSBC Armenia was 29th overall with a tax payment of 3.635 billion AMD ($7.3 million).

HayBusinessBank was 31st overall with 3.562 billion AMD in taxes ($7.183million).

ACBA-Credit Agricole Bank was 38th overall with 3.263 billion AMD in taxes ($6.580 million).

InecoBank trailed in 53rd place overall with 2.253 billion AMD in taxes ($4.543 million).

UniBank was 57th overall with 2.165 billion AMD in taxes ($4.4 million).

AraratBank was 67th overall with 1.737 billion AMD in taxes ($3.5 million).

ConverseBank was the 10th largest taxpaying bank with 1.688 billion AMD ($3.4 million) in taxes, making it 70th biggest taxpayer overall.

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