Thursday, November 9 2017 18:20
Karine Melikyan

Banks of Armenia for 9 months of 2017 sent to the state treasury 31.7 billion drams with an annual growth of 13.6%

ArmInfo. The banking system  of Armenia in January- September 2017 sent 31.7 billion drams to the  state treasury, which is 13.6% higher than the figure of a year ago.  Of this amount, over 89.3% or 28.3 billion drams was paid for direct  taxes (including income tax and income tax), with an annual growth of  12.8%. According to the RA State Revenue Committee, in the first  hundred of the largest taxpayers of Armenia in the first 9 months of  2017, out of 17 operating banks, 12 (12 out of 19 of those operating  in the same period in 2016) fell. Among them in the top five banks of  taxpayers - Ardshinbank, ACBA-Credit Agricole Bank, VTB Bank  (Armenia), Ameriabank and Armbusinessbank, which figured in the top  five and a year earlier. Over the first 9 months of 2017, the top  five banks sent 16.5 billion drams to the state treasury (annual  growth of 18.7%), of which 15.1 billion drams - on direct taxes  (annual growth of 18.9%).

The leader among the banks in the list of large taxpayers in terms of  the amount of taxes paid is Ardshinbank, which took the 20th place  (against the 29th year earlier), paid 3.99 billion drams, of which  3.8 billion - direct taxes (including income tax and income tax).  Then follows: ACBA-Credit Agricole Bank - 24th place (against 28th  year earlier) - 3.4 bln drams, of which 3.1 bln - on direct taxes,  VTB Bank (Armenia) - 25th place (against 27 3.3 billion drams, of  which 2.9 billion drams - direct taxes, Ameriabank - 26th place  (against 23rd year earlier), sending to the state budget 3.2 billion  drams, of which 3.1 billion drams - direct taxes. The first five  banks, large taxpayers, is closed by Armbusinessbank, which took 36th  place (against 33rd year earlier) and paid 2.7bln AMD, of which 2.3bn  - on direct taxes.

In the first hundred large taxpayers also INECOBANK (40 place - 2.5  billion, out of which 2.3 billion - under direct taxes), Unibank  (47th place - 2.1 billion drams, out of which 1.6 billion drams -  under direct taxes), Bank Anelik (51 places - 1.92 billion, of which  1.6 billion - for direct taxes), Converse Bank (53rd place - 1.9  billion drams, of which 1.7 billion on direct taxes), Armswissbank  (68th place - 1.5 billion, out of which 1.49 billion - on direct  taxes), Araratbank (76 places - 1.402 billion, of which 1.2 billion -  on direct taxes) and Armeconombank ( 77th place - 1.399 billion, of  which 1.2 billion - on direct taxes).  In close to the first hundred  - on 101 positions Evocabank (it was renamed at the end of September  of this year Prometey Bank) was placed, sending 1.1 billion drams to  the state treasury in the reporting period, of which 934 million - in  direct taxes.

In the second hundred of the largest taxpayers of Armenia, Evocabank  (which was renamed at the end of September of this year Prometey  Bank), ranked 101 billion - 1.1 billion drams (of which 934 million -  on direct taxes), and HSBC Bank Armenia - 192 places - 535.9 million  (of which 396.4 million - on direct taxes). The list of 1000 large  taxpayers of Armenia also included Mellat Bank - 215th place - 465.7m  (of which 441.9m. - on direct taxes), Byblos Bank Armenia - 427th  place -215.6 mln drams (including 171 mln drams - under direct taxes)  and Artsakhbank - 519th place - 172.5 mln (including 159.3 mln drams  - - for direct taxes). 

According to the Financial Rating of the Armenian Banks prepared by  the IA ArmInfo, the aggregate accumulated profit of the banking  system of Armenia in the first 9 months of 2017 amounted to 151.2  billion drams, having decreased by 8.1% in the annual section. In the  top five in terms of accumulated profit Ameriabank is 28.4 billion  drams, HSBC Bank Armenia - 25.4 billion drams, ACBA- Credit Agricole  Bank - 19.4 billion drams, INECOBANK - 19.2 billion drams and  Araratbank - 14.2 billion drams. The banking system completed 9  months of 2017 with a balance-sheet profit of 37.7 billion drams (an  annual growth of 76.3%), which after taxes provided net profit of  29.5 billion drams with an annual growth of 69.8%. Only for the III  quarter of this year. net profit of the banking system increased by  18%, amounting to 10.3 billion drams. (the calculated exchange rate  of the dram to the dollar as of 30.09.17 was 478.41 drams / $ 1).

It should be noted that four participants - ProCredit Bank, BTA,  Areximbank-Gazprombank Group and Armenian Development Bank, merged  with the INECOBANK, Armeconombank, Ardshinbank and Araratbank  respectively from 2015 to 2006 from the banking market of Armenia. In  particular, ProCredit Bank and BTA - in 2015, and  Areximbank-Gazprombank Group and Armenian Development Bank - in 2016.  The consolidation of the banking sector in Armenia, including through  a merger, was dictated by the need to implement by 2017 a new  regulatory requirement for a minimum amount of total capital - 30  billion drams. As a result, since 2017, there are 17 banks in  Armenia.

POST A COMMENT
Input digits     


News
Armenian PM, Head of Tashir Group of Companies discuss implementation  of investment projects Armenian PM, Head of Tashir Group of Companies discuss implementation  of investment projects 
By announcing the upcoming increase in the minimum wage and pensions,  the authorities may increase inflationary pressure - Former head of  Central BankBy announcing the upcoming increase in the minimum wage and pensions,  the authorities may increase inflationary pressure - Former head of  Central Bank
Team Telecom Armenia will partner with Tech Week Gyumri 2022Team Telecom Armenia will partner with Tech Week Gyumri 2022
According to OneTwoTrip, Armenia is in TOP-3 most popular  destinations for Russian touristsAccording to OneTwoTrip, Armenia is in TOP-3 most popular  destinations for Russian tourists
Yandex opens new office in Armenia to coordinate company`s work in  CIS countriesYandex opens new office in Armenia to coordinate company`s work in  CIS countries
Converse bank will cover the insurance costs within the framework of program lendingConverse bank will cover the insurance costs within the framework of program lending
Armenia, Russia to deepen strategic partnership in both nuclear and  non-nuclear energyArmenia, Russia to deepen strategic partnership in both nuclear and  non-nuclear energy
Government proposes way to solve problem with export of fruits and  vegetablesGovernment proposes way to solve problem with export of fruits and  vegetables
Minister: Dram revaluation may lead to repeated Minister: Dram revaluation may lead to repeated "destruction" of the  industry
Financing of subvention programs in Armenia reached 7.3 billion drams  in 2022Financing of subvention programs in Armenia reached 7.3 billion drams  in 2022
WB to provide technical assistance to educational sector of Armenia  under PPPWB to provide technical assistance to educational sector of Armenia  under PPP
Armenian government recognizes number of territories in Syunik as  Armenian government recognizes number of territories in Syunik as  "overriding public interest" for construction of North-South Corridor
Lawyer in Lawyer in "March 1" Case nominated as Judge of Armenia`s  Constitutional Court
Order Mastercard Standard and Mastercard Gold and use the preferential credit lineOrder Mastercard Standard and Mastercard Gold and use the preferential credit line
Pashinyan: From January 1, 2023, pensions, the minimum wage and  benefits will be increased in ArmeniaPashinyan: From January 1, 2023, pensions, the minimum wage and  benefits will be increased in Armenia
Tax collections will exceed the level planned for the first half of  the year by about 60 billion drams:  PashinyanTax collections will exceed the level planned for the first half of  the year by about 60 billion drams:  Pashinyan
In 2022, Armenia will be able to reduce the level of government debt  much faster than planned: Ministry of FinanceIn 2022, Armenia will be able to reduce the level of government debt  much faster than planned: Ministry of Finance
Armenia could be major supplier of sugar beet seeds to EAEU  member-states Armenia could be major supplier of sugar beet seeds to EAEU  member-states 
Armenia 84th in Speedtest Global Index rankings Armenia 84th in Speedtest Global Index rankings 
CBA: Inflow of foreign labor migrants and capital to Armenia has  increased projected GDP growth to 4.9%CBA: Inflow of foreign labor migrants and capital to Armenia has  increased projected GDP growth to 4.9%
Central Bank of Armenia forecasts increase in exports by 5.1% and  imports by 8.3% for 2022Central Bank of Armenia forecasts increase in exports by 5.1% and  imports by 8.3% for 2022
Poland considers Armenia as profitable platform for entering EAEU  marketPoland considers Armenia as profitable platform for entering EAEU  market
In its improved forecast for 2022, CBA reduces decline in net  remittance inflows to 12% from previous 20%In its improved forecast for 2022, CBA reduces decline in net  remittance inflows to 12% from previous 20%
Business community of Armenia called on government to find assistance  mechanisms in connection with dram revaluation Business community of Armenia called on government to find assistance  mechanisms in connection with dram revaluation 
CBA forecasts 14.8% unemployment in ArmeniaCBA forecasts 14.8% unemployment in Armenia
Majority interest in Armenia Securities Exchange was transferred to  Warsaw Stock ExchangeMajority interest in Armenia Securities Exchange was transferred to  Warsaw Stock Exchange
ACBA Bank and Ameriabank helped beneficiaries to equip cash registers  with system for accepting non-cash payments with investmentsACBA Bank and Ameriabank helped beneficiaries to equip cash registers  with system for accepting non-cash payments with investments
Armenia, Russia to expand cooperation in agricultural and industrial  fieldsArmenia, Russia to expand cooperation in agricultural and industrial  fields
Rossiya Airlines to start operating flights from Samara to Yerevan  from July 2Rossiya Airlines to start operating flights from Samara to Yerevan  from July 2
A joint Armenian-Russian technopark may be established in Armenia-  GordeyevA joint Armenian-Russian technopark may be established in Armenia-  Gordeyev
IMF improves Armenia`s GDP growth forecast for 2022 to 5%IMF improves Armenia`s GDP growth forecast for 2022 to 5%
Halal to open office in ArmeniaHalal to open office in Armenia
Government of Armenia approves regular applications for  implementation of subvention programs in 7 regions of countryGovernment of Armenia approves regular applications for  implementation of subvention programs in 7 regions of country
Process of discussing construction project of new power unit in  Armenia begunProcess of discussing construction project of new power unit in  Armenia begun
How long will the drama with rising dram last? - Haykaz FanyanHow long will the drama with rising dram last? - Haykaz Fanyan
Service sector is main driver of double-digit economic growth in  ArmeniaService sector is main driver of double-digit economic growth in  Armenia
ADB: Armenia is a country of great opportunitiesADB: Armenia is a country of great opportunities
Armenia`s government plans renovation of 500km of roads Armenia`s government plans renovation of 500km of roads 
ARARATBANK resumes payment of dividends in 2022 and plans new issue  of sharesARARATBANK resumes payment of dividends in 2022 and plans new issue  of shares
At the end of 2021, EDB investment portfolio reached USD 4.5 billionAt the end of 2021, EDB investment portfolio reached USD 4.5 billion
Business community of Armenia calls on economic authorities to take  urgent measures to rescue businesses that suffered greatly from sharp  revaluation of dramBusiness community of Armenia calls on economic authorities to take  urgent measures to rescue businesses that suffered greatly from sharp  revaluation of dram
Armenian NPP has been connected to country`s national gridArmenian NPP has been connected to country`s national grid
Armenian Deputy PM took part in meeting of EDB CouncilArmenian Deputy PM took part in meeting of EDB Council
Rustam Badasyan proposed to WCO Secretary General to hold 6th Global  Canine Forum in YerevanRustam Badasyan proposed to WCO Secretary General to hold 6th Global  Canine Forum in Yerevan
Armenia, Korea stress necessity to conclude intergovernmental  agreement on cooperation in customs mattersArmenia, Korea stress necessity to conclude intergovernmental  agreement on cooperation in customs matters
FLY BAGHDAD launches Baghdad-Yerevan-Baghdad flightsFLY BAGHDAD launches Baghdad-Yerevan-Baghdad flights
Armenia`s exchange market oversupplied with US dollars - expert Armenia`s exchange market oversupplied with US dollars - expert 
Opening of the second customs zone on Upper Lars will increase the  throughput capacity of the checkpoint by 30% - KerobyanOpening of the second customs zone on Upper Lars will increase the  throughput capacity of the checkpoint by 30% - Kerobyan
FLYONE ARMENIA sends its 100.000th passenger on flightFLYONE ARMENIA sends its 100.000th passenger on flight
Fly Arna office opened at Zvartnots International AirportFly Arna office opened at Zvartnots International Airport
Different prices for same product or service can not be set,  depending on method of payment, cash or non-cash -CBA  message Different prices for same product or service can not be set,  depending on method of payment, cash or non-cash -CBA  message 
ARARATBANK to act as a major sponsor of UAV contest in ArmeniaARARATBANK to act as a major sponsor of UAV contest in Armenia
Armenia can achieve economic growth of 7-9% in 2022Armenia can achieve economic growth of 7-9% in 2022
Armenia`s authorities to invest in new capital programmes Armenia`s authorities to invest in new capital programmes 
Registered jobs and taxes on them are again unprecedented in Armenia Registered jobs and taxes on them are again unprecedented in Armenia 
Inflation in Armenia is a social catastrophe: EconomistInflation in Armenia is a social catastrophe: Economist
Competition Protection Commission of Armenia on how exchange rate  affected cost of granulated sugar and sunflower oilCompetition Protection Commission of Armenia on how exchange rate  affected cost of granulated sugar and sunflower oil
Orion Summit 2022: The main challenge for Armenia is a change in  mindsetOrion Summit 2022: The main challenge for Armenia is a change in  mindset
EPIC announces start of accepting applications for participation in  Entrepreneurship World Cup EPIC announces start of accepting applications for participation in  Entrepreneurship World Cup 
ACBA Leasing has rebranded and intends to double its leasing  portfolio in next 2 yearsACBA Leasing has rebranded and intends to double its leasing  portfolio in next 2 years
Read more


Exchange rates
01.07.2022
RUB7.46-0.29
USD407.950.74
EUR426.352.81
GBP491.82-0.99
CAD315.780.60
JPY30.140.28
CNY61.010.34
CHF424.640.06