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ArmInfo. ACBA Bank is the fourth bank to officially join the government-sponsored 10% cashback programme for pensioners and reliefers, Armenia's Minister of Labor  and Social Affairs Narek Mkrtchyan said a Cabinet meeting on  Thursday. 

ArmInfo.Around 17,000 pensioners and people receiving benefits are participating in a  government-sponsored 10% cashback programme for purchases by means of  cashless settlements this July. A total of AMD 44mln will be  transferred to their bank cards within a couple of days, Armenia's  Minister of Labor and Social Affairs Narek Mkrtchyan said.

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ArmInfo.In H1 2022, the banking system of Armenia sent more than 32 billion drams or $80.7 million to the state treasury through taxes, which is 31% more than a  year ago.

ArmInfo.Armbusinessbank, Ardshinbank and VTB Bank Armenia are involved in a government programme introducing cash-back for pensioners and people receiving  benefits. 

ArmInfo.The banking system of Armenia in Q1 2022 increased tax deductions to the state treasury by 4.5% per annum - up to 12.8 billion drams ($26.3 million), against a  decrease of 3.2% a year earlier in the same period. 77.2% or 10.6  billion drams of this amount was paid in direct taxes, with a y-o-y  increase of 8.2% (against a 12.5% decline a year earlier).

ArmInfo. The banking system of Armenia for 2021 increased tax deductions to the state treasury by 6.3% - up to 52.2 billion drams ($108.8 million). Of this amount,  87.2% or 44.7 billion drams was paid in direct taxes, with a y-o-y  growth of 4.4%.

ArmInfo. Armenian banks managed to improve the dynamics of net profit in 2021 with a 54% growth (from a 22.3% decline in 2020). In absolute terms, the total profit of the  system amounted to 87.3 billion drams or $181.8 million.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is providing a EUR 5 million financial support package to Armeconombank in Armenia to facilitate  the private sector's transition to more sustainable, low-carbon and  climate-resilient practices. 

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.

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%.

ArmInfo.. The banking system in Armenia is sound and  well-regulated, but the financial sector is not highly developed,  according to investors. Banking sector assets account for over 80  percent of total financial sector assets. This is stated in the  published report of the US State Department on the investment climate  in Armenia for 2021.

ArmInfo. Banking system of Armenia in the first quarter of 2021 reduced tax deductions to the state treasury by 3.2% per annum - to 12.15 billion drams ($ 22.9  million), against an increase of 12.6% a year earlier in the same  period.

ArmInfo.The banking system of Armenia in 2020 reduced tax deductions to the state treasury by 10.1% - to 49.1 billion drams ($ 93.9 million). Of this amount, 87.2%  or 42.8 billion drams were paid under direct taxes, with a y-o-y  decline of 17%.

ArmInfo.

ArmInfo. In the H1 of 2020, the  banking system of Armenia allocated 26.7 billion drams or $ 55.4  million to the state treasury through taxes, which is 9.2% lower than  the indicator a year ago. Of this amount, over 86.5% or 23.1 billion  drams was paid under direct taxes (including income tax and tax on  profits), with a y-o-y  decline of 17.5%. According to the data of  the RA State Revenue Committee, in the total volume of payments of  1000 large taxpayers in Armenia, the share of 17 banks is 5.4%.

ArmInfo. The assets of the banking system of Armenia slowed down annual growth from 16.1% to 15.3%, amounting to 5.9 trillion drams ($ 11.7 billion) as of April 1, 2020.  According to the Express-Ranking of Banks of Armenia, prepared by ArmInfo IC, in their structure credit investments and other loans  reached 3.8 trillion drams ($ 7.5 billion), with annual growth  accelerating from 16.2% to 20.4%.

ArmInfo. The banking system of Armenia increased its net profit in the first quarter of 2020 by 40% per annum to 23.3 billion drams ($ 46.3 million), while a year earlier a subsidence of 17.4% was recorded.

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