13 ARMENIAN BANKS AMONG COUNTRY’S TOP 300 TAXPAYERS IN 2008

ARKA
Jan 27, 2009

YEREVAN, January 27. /ARKA/. Last year, 13 local commercial banks were
included in the top 300 taxpayers’ list issued by the RA State Revenue
Committee. Total allocations of these banks reached 11.8bln drams.

ACBA-Credit Agricole Bank was last year’s number one taxpayer-bank
with 2.3bln worth budget allocations (28th on the list).

Ardshininvestbank ranked 32 among 300 taxpayers, with its allocations
for the state budget reaching 2.1bln drams. HSBC Bank Armenia was
the 52nd largest taxpayer with 1.5bln drams worth allocations.

The following banks were among the major taxpayers: Armeconombank
(949.4bln drams, 80th place) Unibank (869.2bln drams, 87), Converse
Bank (833.6mln drams, 92), VTB Bank Armenia (787.5mln drams, 97),
Inecobank (537.2mln drams, 37), Armbusinessbank (535.7mln drams,
147), Ameriabank (377.4mln drams, 204), Anelik Bank (376.7mln drams,
205), Areximbank (295.3mln drams, 258) and Armenian Development Bank
(285.7mln drams, 262).

Three universal credit organizations with 1bln drams worth total
allocations were included in the list of the largest taxpayers. Aregak
UCO ranked 218th with its payments totaling 349.3mln drams. Finca
allocated 329.1mln drams for the state budget (227) and Norvik Credit
paid 328.9mln drams (228).

Twenty-two commercial banks and 25 credit organizations are currently
operating in Armenia.