Tuesday, July 28 2026 11:49

Ardshinbank Ranks No. 1 in Armenia in Direct Tax Payments in H1 2026

Ardshinbank Ranks No. 1 in Armenia in Direct Tax Payments in H1 2026

ArmInfo. According to indicators published by the State Revenue Committee (SRC) of the Republic of Armenia for the first half of 2026, Ardshinbank ranks as Armenia’s No. 1 taxpayer in terms of direct taxes paid and is among the top three largest taxpayers in the country.

The Bank paid AMD 32.5 billion in direct taxes to the state budget, while its total tax payments amounted to AMD 33.6 billion.

Of the taxes paid by the Bank during the reporting period (January–June), AMD 27.5 billion comprised profit tax, while approximately AMD 5.0 billion was income tax.

These results demonstrate not only the Bank’s financial strength and stability but also Ardshinbank’s continued and responsible contribution to Armenia’s economic development.

“Ardshinbank views its mission not only as a provider of financial services but also as an important partner in the development of Armenia’s economy. The continuous growth in our payments to the state budget reflects the scale of our operations and our contribution to various sectors of the economy. We will continue to support business development, the creation of new jobs, the financing of investment projects, and the expansion of the country’s economic potential,” said Garegin Gevorgyan, Member of the Management Board and Chief Financial Officer of Ardshinbank OJSC.

The results recorded by Ardshinbank once again underscore the Bank’s role as a key financial institution contributing to Armenia’s economic progress.