VTB BANK (ARMENIA) LARGEST TAXPAYER IN ARMENIA’S BANKING SECTOR AT FIRST QUARTER OF 2009

ARKA
Apr 24, 2009

YEREVAN, April 24 /ARKA/. VTB Bank (Armenia) became the largest
taxpayer in Armenia’s banking sector by paying AMD 464.7 million at
the first quarter of 2009.

The bank was also placed 17th in the list of 300 largest taxpayers
of the country, Armenian State Revenue Committee says.

The list includes 17th Armenian commercial banks, which have paid
AMD 3.2 billion to the state budget over the first quarter.

The second biggest taxpayer among Armenian commercial banks is HSBC
Bank Armenia, who was placed 18th in the list for paying AMD 459.2
million.

Unibank was 21st after paying AMD 431.3 million. ACBA-Credit Agricole
Bank has paid AMD 400.3 million paid to the state budget over the
first quarter (the 24th rank), Ardshininvestbank AMD 338.4 million
(33rd rank), Inecobank Armenia AMD 172.6 million (70th) and Converse
Bank AMD 139.1 million (85th).

The list of 300 taxpayers also includes Armbusinessbank with its AMD
111.2 million (116th), Ameriabank with AMD 105.4 million (125th),
Mellat Bank AMD 101.6 million (132nd), Areximbank AMD 97.8 million
(136th), Anelik Bank AMD 78.1 million (173rd), Armenian Development
Bank AMD 72.2 million (192nd), ProCredit Bank AMD 72.1 million (193rd),
Araratbank AMD 59.9 million (235th), Armeconombank AMD 57.6 million
(243rd) and BTA Invest Bank AMD 51.3 million (270th).

Four univers al credit organizations have paid AMD 271.2 million –
Finca universal credit organization was placed 144th for paying AMD
90.8 million to the state budget over the first quarter, Aregak is
188th (AMD 73 million), Norvik is 237th (AMD 59.2 million) and AGBA
Leasing is 285th (48.2 million).

Now 22 commercial banks and 25 credit organizations are functioning
in Armenia.

Artsakhbank’s head office is in Nagorno-Karabakh Republic. ($1 =
AMD 370.46).