Wednesday, January 20 2021 21:00
Alina Hovhannisyan

In 2020 Armenian banks reduced tax deductions to the state treasury  by 10.1% - to $ 93.9 million

In 2020 Armenian banks reduced tax deductions to the state treasury  by 10.1% - to $ 93.9 million

ArmInfo.The banking system of Armenia in 2020 reduced tax deductions to the state treasury by 10.1% - to 49.1 billion drams ($ 93.9 million). Of this amount, 87.2%  or 42.8 billion drams were paid under direct taxes, with a y-o-y  decline of 17%.

According to the RA State Revenue Committee, 12 out of 17 existing  banks were on the list of the first hundred of the largest taxpayers  in Armenia by the end of 2020  (as in the previous year).

Among them, Ameriabank, ACBA Bank, Armbusinessbank, Armswissbank and  Ardshinbank were in the top five taxpaying banks, four of which were  in the TOP-5 a year earlier.

In 2020, the top five banks sent 24.4 billion drams to the state  treasury as taxes (a y-o-y decline of 17.8%), of which 21.4 billion  drams - for direct taxes (a y-o-y decline of 25.4%).

The leader among banks in terms of taxes paid - Ameriabank ranked  23rd (versus 19th a year earlier) on the list of large taxpayers,  having directed 5.5 billion drams to the state budget, of which 2.2  billion drams - income tax. The bank is followed by: ACBA Bank - the  24th place (against the 23rd a year earlier), which paid 5.4 billion  drams, of which 4.6 billion are direct taxes, Armbusinessbank - the  29th place (against the 37th a year earlier), which paid 4.8 billion,  of which 4.3 billion - direct taxes, Armswissbank - the 33rd place  (against the 64th a year earlier), which paid 4.5 billion, of which  3.4 billion are direct taxes. This time Ardshinbank closes the first  five banks-large taxpayers, which took the 36th place (against the  40th a year earlier) and paid 4.1 billion drams, of which 3.6 billion  - for direct taxes.

The list of first hundred large taxpayers also included Converse Bank  - the 43rd place (3.7 billion, of which 3.2 billion is income tax),  INECOBANK- the 45th place (3.5 billion drams, of which 3.2 billion  are direct taxes), VTB Bank (Armenia) -the 59th place (2.9 billion  drams, of which 2.4 billion are direct taxes), Unibank -the 60th  place (2.8 billion drams, of which 2.4 billion drams are direct  taxes), Armeconombank - the 62nd place (2.8 billion, of which 2.6  billion are direct taxes), Araratbank - the 81st place (2.2 billion  drams, of which 1.8 billion are direct taxes) and Evocabank - the  98th place (1.9 billion drams, of which 1.7 billion are direct  taxes).

HSBC Bank Armenia - the 112th place (1.7 billion drams, of which 1.2  billion are direct taxes),  IDBank - the 146th place (1.3 billion, of  which 1.2 billion are direct taxes), Byblos Bank Armenia - the 203rd  place (872.2 million drams, of which  843.4 million drams - for  direct taxes) and Mellat Bank - the 242th place (730.4 million drams,  of which 474.2 million drams are direct taxes) are among the second  hundred large taxpayers in Armenia.

Artsakhbank is also included in the list of 1000 large taxpayers in  Armenia - the 660th place (246.7 million drams, of which 213.5  million is income tax).

To note, in 2019, the banking system of Armenia increased tax  deductions to the state treasury by 7.7% - to 54.6 billion drams ($  114 million). Of this amount, 94.5% or 51.6 billion drams were paid  through direct taxes, with a y-o-y growth of 23.8%. (The estimated  exchange rate of the dram to the dollar as of December 31, 2020 was  522.59 AMD / $ 1). 


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

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Weighted average yield

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The maturity date of T-bills

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ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000