20 Commercial Banks Of Armenian In List Of 1000 Biggest Tax Payers

20 COMMERCIAL BANKS OF ARMENIAN IN LIST OF 1000 BIGGEST TAX PAYERS

ARKA News Agency, Armenia
Oct 30 2007

YEREVAN, October 30. /ARKA/. As a result of January-September 2007,
Armenia’s 20 commercial banks entered the list of 1000 biggest tax
payers by having paid AMD 6.9bln to the state budget against 19 banks
having paid AMD 5.5bln in the same period in 2006.

According to the list published by the RA State Tax Inspection, 92.05%
or AMD 6.4bln fell to direct taxes. 2.6% of the total volume of taxes
fell to these banks.

According to the Tax Inspection data, among the first 100 tax payers
were: "HSBC Bank Armenia" (AMD 1.2bln), ACBA Credit-Agricole Bank
(AMD 807.4mln), Ardshininvestbank (AMD 688.2mln), Armeconombank
(AMD 688.2mln), Converse Bank (AMD 665.6mln), VTB Bank (Armenia)
(AMD 564.5mln) and Unibank (AMD 352.5mln).

Among 1000 tax payers also are: "Anelik Bank," "Inecobank,"
"Mellat Bank," "Areximbank," "Armbusinessbank," "Prometey Bank,"
"Armimpexbank," "BTA Investbank," "ITB International Trade Bank,"
International Investment Bank, "ArmSwissbank," "Ararat Bank,"
"Cascade Bank," and Armenian Development Bank.

Seven credits organizations entered the list: "Aregak" (AMD 170.2mln),
"Finca" (AMD 110.7mln), "Express-Credit" (AMD 72.4mln), "Norvik"
(AMD 72.2mln), "ACBA Leasing" (AMD 67.7mln), "SEF International"
(AMD 58.6mln), "Cascade Credit" (AMD 36.5mln), as well as the national
payment system "Armenian Card" (AMD 84.1mln).

In total 1000 biggest tax payers of Armenia transferred AMD 262.6bln
to the Armenian state budget in January-September 2007. ($1 – AMD
324.78).