ArmInfo.In the first half of 2021, the banking system of Armenia sent over 30 billion drams or $ 60.6 million to the state treasury through taxes, which is 19.4% more than a year ago. Of this amount, over 85.9% or 25.8 billion drams was paid under direct taxes (including income tax and tax on profit), with an increase of 13.4% over the year. According to the data of the RA State Revenue Committee, in the total volume of payments of 1000 large taxpayers in Armenia, 17 banks account for 5.1%.
The top five banks of taxpayers included Ameriabank, INECOBANK, ACBA Bank, Armbusinessbank and Armeconombank, which in the first half of 2021 sent to the state treasury a total of 17 billion drams (a y-o- y growth of 36.1%), of which 15.3 billion drams - for direct taxes (a y-o-y growth of 31.1%). According to the source, 13 out of 17 operating banks were included in the first hundred of the largest taxpayers in Armenia in the first half of 2021, as in the previous year.
Ameriabank is leading among banks on the list of large taxpayers in terms of amount of payments, which took the 12th place (against the 21st a year earlier), by sending 5.7 billion drams to the state budget, of which 5.3 billion drams - direct taxes (including income tax and tax on profit). It is followed by: INECOBANK - 21st place (against 53rd a year earlier) - 3.3 billion (including direct taxes - 3.1 billion); ACBA Bank - 25th place (against 23rd a year earlier) - over 3 billion drams, of which 2.5 billion drams are direct taxes; Armbusinessbank - 30th place (against 35th a year earlier) - 2.5 billion, of which 2.3 billion are direct taxes. And Armeconombank closes the top five - 31st place (against 58th a year earlier), which paid 2.4 billion drams, of which 2 billion as direct taxes.
The first hundred large taxpayers also included: Ardshinbank - 51st place (against 37th a year earlier), which paid 1.9 billion drams, of which 1.6 billion - in direct taxes; Armswissbank - 55th place (against 39th a year earlier) - 1.8 billion, of which 1.5 billion - in income tax; VTB Bank (Armenia) - 59th place (against 68th a year earlier) - 1.7 billion, of which 1.4 billion - in direct taxes; IDBank - 69th place (against 140th a year earlier) - 1.5 billion drams, of which 1.4 billion drams - for direct taxes; ARARATBANK - 92nd place (against 99th a year earlier) - 1.144 billion, of which 776.9 million - for direct taxes; Unibank - 94th place (against 56th a year earlier) - 1.128 billion drams, of which 881.8 million drams - for direct taxes; HSBC Bank Armenia - 96th place (against 98th a year earlier) - 1.123 billion, incl. 577.8 million - in direct taxes; Converse Bank - 100th place (against 45th place a year earlier) - 1.105 billion drams, of which 830.7 million - for direct taxes.
Byblos Bank Armenia was outside the first hundred - 215th (versus 191st a year earlier) - 505.4 million drams, incl. 441.8 million drams - for direct taxes, Mellat Bank - 229th place (against 273rd a year earlier) - 477.3 million, of which 461.5 million - for direct taxes, Evocabank - 327th place (against 90th a year earlier) - 328.9 million, of which 222.3 million - for direct taxes, and Artsakhbank - 815th place (against 710 a year earlier) - 122.3 million drams, of which 92.7 million - for direct taxes.
According to the Express Ranking of Banks of Armenia as of June 30, 2021, prepared by ArmInfo IC, the total accumulated profit of the Armenian banking system as of this date amounted to 258.6 billion drams ($ 521.4 million), having increased by 4.5% in y-o-y terms, with a decline in the first half of the year by 0.3%, and in the II quarter alone sagging by 9.1%. Ameriabank is in the top five in terms of accumulated profit- 64.7 billion drams, Ardshinbank - 32.5 billion drams, HSBC Bank Armenia - 27 billion drams, INECOBANK - 25.6 billion drams, Converse Bank - 22.6 billion drams. The banking system completed the first half of 2021 with a balance sheet profit of 49.4 billion drams (deterioration of the annual dynamics from 4.4% growth to 1.2% decline), after paying taxes from which net profit amounted to 40.7 billion drams with a slowdown in the annual growth from 5.9% to stagnant 0.1%. In the Q2 of this year alone net profit of the banking system increased by 9.6% (against 11.9% growth in the previous year), amounting to AMD 21.3 billion. Estimated exchange rate of AMD to USD as of June 30, 2021 - 495.86 AMD / $ 1.
