ArmInfo. Armenia’s banking system increased tax payments to the state treasury by 13.7% year-on-year in January-September 2026, reaching AMD 149.2 billion ($411.3 million). According to data from the State Revenue Committee of the Republic of Armenia, 90.5% of this amount, or AMD 135.1 billion, was paid in direct taxes (including profit tax and income tax), which is 12.6% higher than a year earlier.
All 17 banks operating in Armenia, as was the case a year earlier, are included in the list of major taxpayers. At the same time, the banking system’s share in this list remained unchanged over the year at 9.1%.
The top five banks by tax payments were Ardshinbank, Ameriabank, ACBA Bank, INECOBANK and VTB Bank (Armenia), which transferred a total of AMD 98.2 billion to the state treasury over 9 months of 2026 (a year-on-year increase of 16.2%), including AMD 90.4 billion in direct taxes (a year-on-year increase of 15.1%).
Ardshinbank leads the banks in the list of major taxpayers, ranking 5th and transferring AMD 38.1 billion to the state budget, including AMD 36.6 billion in direct taxes.
It is followed by Ameriabank, ranking 6th and paying AMD 28 billion to the state treasury, including AMD 25.2 billion in direct taxes.
ACBA Bank moved up to 17th place (from 19th a year earlier), paying AMD 13.7 billion to the state budget, including AMD 12.1 billion in direct taxes.
INECOBANK rose from 24th to 23rd place over the year, paying AMD 10.6 billion to the state treasury, including AMD 9.2 billion in direct taxes.
Rounding out the top five is VTB Bank (Armenia), which jumped to 31st place (from 58th a year earlier) and paid AMD 7.8 billion to the state treasury, including AMD 7.3 billion in direct taxes.
At the same time, 13 banks made it into Armenia’s top 100 largest taxpayers based on the results of 9 months of 2026, compared with 14 a year earlier.
In particular, Converse Bank ranked 35th (compared with 38th a year earlier), paying AMD 7.6 billion to the state treasury, including AMD 6.5 billion in direct taxes. Evocabank ranked 36th (compared with 47th a year earlier), transferring AMD 7.4 billion to the state budget (including AMD 6.7 billion in direct taxes); IDBank ranked 41st (compared with 40th a year earlier) with AMD 6.5 billion (including AMD 5.5 billion in direct taxes); Armeconombank ranked 49th (compared with 55th a year earlier) with AMD 5.6 billion (including AMD 5.1 billion in direct taxes); Araratbank ranked 60th (compared with 53rd a year earlier) with AMD 4.9 billion (including AMD 4.3 billion in direct taxes); Armswissbank ranked 72nd (unchanged from a year earlier) with AMD 3.947 billion (including AMD 3.6 billion in direct taxes); AMIO Bank ranked 73rd (unchanged from a year earlier) with AMD 3.945 billion (including AMD 3.2 billion in direct taxes); Fast Bank ranked 76th (unchanged from a year earlier) with AMD 3.7 billion (including AMD 2.9 billion in direct taxes). The second hundred of Armenia’s major taxpayers included: Unibank, ranked 104th (compared with 39th a year earlier), paying AMD 2.8 billion to the state treasury (including AMD 2.3 billion in direct taxes); Mellat Bank, ranked 152nd (compared with 165th a year earlier) with AMD 1.8 billion (including AMD 1.7 billion in direct taxes); Artsakhbank, ranked 170th (compared with 186th a year earlier) with AMD 1.6 billion (including AMD 1.5 billion in direct taxes).
Byblos Bank Armenia made it into the third hundred, ranking 306th (compared with 288th a year earlier) and paying AMD 977.2 million to the state budget, including AMD 845.9 million in direct taxes.
According to the Express Ranking of Armenian Banks as of 30.09.2026, prepared by IC ArmInfo, the banking system’s total accumulated profit reached AMD 1.1 trillion ($2.99 billion) as of that date, with the annual growth rate accelerating from 13% to 22%. The top five banks by accumulated profit were Ameriabank with AMD 314.3 billion, Ardshinbank with AMD 157.2 billion, ACBA Bank with AMD 100.6 billion, Evocabank with AMD 79.2 billion and Converse Bank with AMD 77 billion. The banking system ended the first 9 months of 2026 with a balance-sheet profit of AMD 406.9 billion (with the annual growth rate slowing from 14.8% to 8.4%), after tax payments from which net profit amounted to AMD 334.4 billion (with the annual growth rate slowing from 15% to 8.6%). The TOP-5 by net profit includes Ardshinbank, Ameriabank, ACBA Bank, INECOBANK and IDBank, which together generated 70% of the banking sector’s profit, with nearly 51% provided by the top two. (The estimated exchange rate of the dram as of 30.09.2026 was AMD 362.83 per $1).
