Ameriabank tops list of largest taxpayers among commercial banks in  Armenia in 9 months

ArmInfo. In January - September 2021, the banking system of Armenia sent 40.9 billion drams or $ 84.5 million to the state treasury through taxes, which is 7.6%  more than a year ago.

Of this amount, 85.5% or 35 billion drams was  paid under direct taxes (including income tax and profits tax), with  a y-o-y growth of 5.4%. In the total volume of payments of 1,000  large taxpayers in Armenia, 17 banks account for 4.7% (versus 5.3% a  year earlier). This is evidenced by the data of the State Revenue  Committee of the Republic of Armenia. The top five taxpayer banks  are: Ameriabank, ACBA Bank, INECOBANK, Armbusinessbank and  Armeconombank, which for 9 months of 2021, sent to the state treasury  a total of 22.3 billion drams (a y-o-y growth of 17.3%), of which  19.9 billion drams - for direct taxes (a y-o-y growth of 19.1%).

According to the source, 10 out of 17 operating banks were included  in the first hundred of the largest taxpayers in Armenia in 9 months  of 2021, against 12 a year earlier.

The leader among banks in the list of large taxpayers is Ameriabank,  which took 15th place (against 24th a year earlier), which paid 7.1  billion drams to the state treasury, of which 6.6 billion drams in  direct taxes. It is followed by: ACBA Bank - 25th place (against 22nd  a year earlier), having directed 4.4 billion drams to the state  budget, of which 3.5 billion drams - direct taxes (including income  tax and profits tax); INECOBANK - 28th place (against 48th a year  earlier), which paid 4.2 billion (including 3.8 billion in direct  taxes); Armbusinessbank - 36th place (against 32nd a year earlier),  having directed 3.5 billion, of which 3.2 billion - for direct taxes.   And Armeconombank closes the top five - 43rd place (against 56th a  year earlier), which paid 3.2 billion to the state budget, of which  2.6 billion - in direct taxes.

The first hundred large taxpayers also included: VTB Bank (Armenia)-  58th place (against 59th a year earlier) - 2.6 billion (of which 2  billion - for direct taxes); Armswissbank - 61st place (against 29th  a year earlier) - 2.4 billion (of which 2.3 billion - for direct  taxes); IDBank - 76th place (against 134th a year earlier) - 2  billion drams (of which 1.8 billion drams - for direct taxes);  Converse Bank - 82nd place (against 41st place a year earlier) - 1.8  billion drams (of which 1.4 billion - for direct taxes).

Among the second hundred large taxpayers in Armenia are: Unibank -  102nd place (against 52nd a year earlier) - 1.6 billion drams, of  which 1.3 billion drams - for direct taxes; ARARATBANK - 104th place  (against 79th a year earlier) - 1.6 billion, of which 1.1 billion -  in direct taxes; HSBC Bank Armenia -108th place (against 101st a year  earlier) - 1.5 billion, incl. 800.1 million in direct taxes.  

The list of 1000 large taxpayers in Armenia also includes Byblos Bank  Armenia - 226th place (against 194th a year earlier) - 693.5 million  drams, incl. 608.4 million drams - for direct taxes; Evocabank -  245th place (against 91st a year earlier) - 642.5 million drams, of  which 485 million - for direct taxes; Mellat Bank - 293rd place  (against 224th a year earlier) - 555.9 million, of which 521.7  million - for direct taxes; and Artsakhbank - 849th place (against  641st a year earlier) -178.3 million drams, of which 143.3 million -  income tax. 

To note, in January-September 2020, the top five taxpayer banks  included ACBA Bank, Ameriabank, Armswissbank, Armbusinessbank and  Ardshinbank, which sent to the state treasury for 9 months of 2020, a  total of 19 billion drams (a y-o-y decline of 18%), of which 16.7  billion drams - for direct taxes (a y-o-y decline of 25%). And in  total, the banking system (all 17 banks) transferred 38 billion drams  or $ 78 million to the state treasury for 9 months of 2020 (with a  y-o-y decline of 10%) to the state treasury. Of this amount, 87.4% or  33.2 billion drams was paid under direct taxes (including income tax  and profits tax), with a y-o-y decline of 15%.  (The estimated  exchange rate of AMD to USD as of September 30, 2021 was 484.20 AMD /  $ 1).