According to the results for the first three quarters of 2025 published by the State Revenue Committee, Ardshinbank became the largest taxpayer of Armenia, transferring AMD 32.3 billion to the state budget. Including AMD 2 billion in indirect taxes and other fees, Ardshinbank’s total tax payments amounted to AMD 34.3 billion, which also includes AMD 2.4 billion in tax contributions from Ardshininvestbank that merged with Ardshinbank on April 21, 2025.
Ardshinbank also ranks first among Armenian banks in terms of total tax contributions.
Year over year, Ardshinbank increased its budget contributions fourfold, which allowed it to rise from 24th to 5th place and enter the TOP 5 of Armenia’s 1,000 largest taxpayers. It should be noted that Ardshinbank ensured significant growth in payments to the state budget both in profit tax and income tax.
“We are pleased to announce that we continue to achieve growth through our commitment to customer-focused and transparent banking operations, while remaining true to our commitment to the growth and stability of the Armenian economy,” said Garegin Gevorkyan, the bank’s Chief Financial Officer.
So from the transfers made by the bank to the budget, AMD 25.7 billion accounted for profit tax and AMD 6.6 billion for income tax, of which AMD 1.8 billion and AMD 0.4 billion, respectively, were paid by Ardshininvestbank. Year over year, profit tax payments increased sevenfold, and income tax payments doubled. Thus, Ardshinbank accounts for 17% of the total taxes paid by the top five taxpayers․
About Ardshinbank
Ardshinbank is the leading Bank in Armenia with a diversified universal banking offering including retail and commercial banking, investment banking, and private & wealth solutions. The Bank has almost 570,000 customers served by 2,300+ employees, a strong omnichannel distribution platform with 72 branches. Ardshinbank is the only private entity in Armenia with assigned ratings from three international rating agencies, all at the level of the sovereign, as follows: S&P Global Ratings (BB- (Stable)), Moody’s (Ba3 (Stable)) and Fitch (BB- (Stable)). The bank is also the only non-sovereign entity from Armenia which has issued RegS /144A public Eurobonds in international capital markets.