ArmInfo.

ArmInfo.

ArmInfo. Attaching importance to providing the general public with objective, reliable and fact-based  information in the financial and banking sector, the Union of Banks of Armenia for the fourth year in a row holds a competition to determine the best publications to encourage academics, experts, journalists to cover relevant topics in the financial and banking sector in their activities.

ArmInfo. The banking sector of  Armenia in Q1 2023 increased tax payments to the state treasury by  58% per annum - up to 20.5 billion drams ($52.7 million). Of this  amount, 85.7% or 17.6 billion drams was paid in direct taxes, with a  y-o-y increase of 62%. This is evidenced by the data of the State  Revenue Committee of the Republic of Armenia on the list of 1000  large taxpayers of the country, according to which, 9 banks were  included in the first hundred of the list (as in the previous year).

ArmInfo.

ArmInfo.

ArmInfo. The application for the transaction for the sale of the "MTS Armenia" telecommunications company is under consideration. Garegin Baghramyan, Chairman of the RA Public Services Regulatory Commission, stated this to journalists on March 30.

ArmInfo.

ArmInfo.On January 26 this year,  "MTS Armenia" telecommunication company applied to the RA Public  Services Regulatory Commission (PSRC) to obtain permission to buy and sell shares. The information was confirmed to ArmInfo by PSRC press  secretary Liana Azizyan.

ArmInfo. In Armenia, the total volume of plastic transactions accelerated y-o-y growth from 26.3% in  2021 to 34.7% in 2022, exceeding 4.4 trillion drams or $11.3 billion (including transactions abroad with cards of Armenian issuing banks).  This is evidenced by the data of the Central Bank of the Republic of Armenia, according to which the volume of transactions carried out  abroad with the cards of the issuing banks of Armenia increased 2.1-fold on a y-o-y terms up to 456.5 billion drams or 1.2 billion  dollars (10.3% of the total plastic transactions).

ArmInfo.

ArmInfo.

ArmInfo.Armenian banks' net profit totaled AMD 263bln ($668mln) last year - a 3-fold growth in 2022 due to an unprecedented 4-fold increase in noninterest incomes. 

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Non-interest incomes from currency transactions remain the main factor of the unprecedented increase in the Armenian banks' profits, according to the data of the ARMINFO- compiled Express Ranking of Armenia Banks for September 30, 2022.  According to the data, the total net profits of the banks showed a  2.8-fold year-on-year increase, up to AMD 187.8 or $463mln at the  current exchange rate. 

ArmInfo.

ArmInfo.