ArmInfo.The Armenian banking system sent 27.6 billion drams to the state treasury in the first half of 2018, which is 26% higher than the figure of a year ago. Of  this amount, over 87.3% or 24.1 billion drams was paid on direct  taxes (incl. tax on profits and income tax), with an annual growth of  40.6%. The top five banks of taxpayers - Ameriabank, ACBA-Credit  Agricole Bank, INECOBANK, Ardshinbank and VTB Bank (Armenia), sent to  the state budget in the first half of 2018 a total of 15.3 billion  drams (annual growth of 34.2%), of which 14 billion drams - on direct  taxes (annual growth of 33.3%). According to the RA State Revenue  Committee, in the first hundred of the largest taxpayers of Armenia  in the first half of 2018, out of 17 operating banks, 13 as many as a  year ago fell.

ArmInfo. The customer base of the Armenian banking system totaled 2 446 724  individuals and 80 182 legal entities as of April 1, 2018. According  to the Central Bank, provided by the National Statistical Service of  Armenia, a total of 2,526,906 customers had in the Armenian banks  4,703,539 accounts, of which 4,537,222 - physical accounts and 166  317 - accounts of legal entities.

ArmInfo. The customer base of Armenia's banking system totaled 2,364,116 individuals and 79,823 legal entities by October 2017. According to the Central Bank data, provided to ArmInfo by the National Statistical Service, a total of 2,443,939 customers had 4,481,182 accounts with Armenian banks, of which 4,316,133 are physical accounts and 165,043 are accounts of legal entities.

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%).

ArmInfo. Ardshinbank improved  terms for property secured loads, reducing maximal level of interest  rates.  According to the press service of the company, Ardshinbank  announces reduced interest rates and better lending terms for loans  secured by property. Thus, the current annual interest rate on  consumer loans in AMD is 14.25-19.95% without the need to submit a  statement of income and 14.25-17.75% with income certificate. The  interest rates on express renovation loans in USD are 12.75-17.95%  without income certificate and 12.75-15.25% with income certificate,  as well as 12-14.95%, 12-13.45% in Euro accordingly. Following the  new terms, it is now possible to get up to AMD 40 million, USD 80,000  and EUR 70,000 loan amount.

ArmInfo. Ardshinbank  announces new terms on mortgages, according to which the interest  rate for purchasing residential real estate has been reduced to 9.5%.  Lending conditions have also been improved, therefore it is now  possible to get a real property starting with just 5% prepayment.

ArmInfo. The replenishment of  Armenian banks' capital base by 15% per annum on July 1, 2017, or by  85.1 billion drams ($ 177.1 million) made it possible to accelerate  the credit growth rate to 16.6% from last year's 9.5%. Activation of  banks in the credit market, in turn, increased net profit in the  first half of 2017 by 49.5% per annum - up to 19.2 billion drams ($  39.9 million).

ArmInfo.In the first half of  the year, the banking system of Armenia sent 21.9 billion AMD to the  state treasury, which is 12.9% higher than the figure of a year ago.  Of this amount, over 89% or 19.6 billion was paid on direct taxes  (including income tax and income tax), with an annual growth of  12.6%.

ArmInfo. Ardshinbank has one of  the largest branch networks in RA banking system. At present, the  Bank has 64 operating branches, out of which 19 in Yerevan, 42 in the  regions and 3 branches in NKR. The Bank highlights the role of the  regional offices and their uniform development, since the Bank's  policy aimed at upgrading regional branches is dictated, first of  all, by the interests of customers for whom Ardshinbank is trying to  create more comfortable and convenient banking service.

ArmInfo. The customer base of Armenia's banking system totaled 2,343,225 individuals and 77,956 legal entities by April 2017. According to the Central Bank's data provided by the National Statistical Service of Armenia, a total of 2,421,181 customers had 4,355,612 accounts with Armenian banks, of which 4,196,171 were physical accounts and 159,441 were accounts of legal entities.

ArmInfo. The Armenian banking system sent 10.1 billion AMD to the state budget in the first quarter of 2017 (or 9.8 billion without taking into account the combined Areximbank and the Armenian Development Bank), which is 8.6% higher than the figure of a year ago. Of this amount, over 88% or 8.9 billion AMD was paid on direct taxes (including income tax and income tax), with an annual growth of 8.5%.

ArmInfo. Armenian banks customer base at the end of 2016 counted 2 413 943 physical and 79 609 judicial persons. According to Armenian National Statistic Service data, all together 2 493 558 customers had 4 553 107 amounts in Armenian banks, 4 368 596 from which amounts of physical and 184 511 judicial person?s amounts.

ArmInfo.  It is not necessary  to be an economist to understand that most of the economic promises  made within the framework of the pre-electoral campaigns of the  political forces of Armenia are unrealistic. Doctor of Science in  Economics, Head of the Research Center "Alternative" Tatul Manaseryan  expressed this opinion on March 18, during the discussions of the  expert community at the round table.

ArmInfo. In 2016, Armenian banks  increased the financing of non- residents in twice - up to AMD 280 bln, while the residents financing growth formed 19,4% - up to 2,4 trln. It is remarkable that during last year the totallevel of capitalization of the system increased for 40% due to the necessity of  equity normative limits to be secured  by banks  at the limit of AMD 30 bln by January 1, 2017.

ArmInfo.

ArmInfo. In 2016, the  banking system of Armenia paid 34.4 bln AMD in taxes, 16.9% less than  in 2015. Over 88% or 30.1 bln AMD of this amount was paid in direct  taxes (including profit tax and income tax), with a 19.1% decline  versus 2015. According to the State Revenue Committee of Armenia, 12  out of the functioning 17 banks (versus 13 in 2015) were among the  top 100 taxpayers of Armenia in 2016. The top banks among the  taxpayers were Ameriabank, VTB Bank (Armenia), ACBA-Credit Agricole  Bank, Ardshinbank and INECOBANK, which paid 16.7 bln AMD in taxes  (down 22.3% versus 2015), including 15.1 bln AMD in direct taxes  (down 22.2% versus 2015).

ArmInfo. Gazprombank is not interested in the Armenian market strategically, member of the Information Policy Council of Russia's Association of Regional Banks Ivan Anisimov stated in a talk to ArmInfo's correspondent commenting on the reasons why Gazprombank's subsidiary Areximbank-Gazprombank Group has left the Armenian market 

ArmInfo. In 2016, Armenian Central Bank, in virtue of its consequent works and trust obtained, has secured price and financial sustainability and essentially decreased inflation expectations, the Central Bank Chairman stated at New Year banquette party, summarizing 2016 results. 

ArmInfo. The consolidation of Areximbank with the Gazprom Bank Group will drive Ardshinbank to leaders in respect to capitals, assets and number of branches. As ArmInfo was informed by the press-office of Ardshinbank, the total capital will reach AMD 74 bln, assets - up to AMD 540 mln, number of branches will increase from 54  to 72.

ArmInfo. ARARATBANK has replenished total capital by 8.5 bln drams due to issue of stocks. As a result the authorized capital of the bank has increased to 16.8 bln drams and total capital almost to 33 bln drams.