The Largest Taxpaying Sectors in Armenia | 2024

In 2024, 39% of the taxpayers on Armenia’s list of the 1000 largest taxpayers were involved in trade. These 385 large taxpayers contributed AMD 637 billion to the state budget, representing 27% of the total revenue collected by the SRC. Other major taxpaying sectors include manufacturing and financial and insurance activities. The large taxpayers in […]

As of October 2024, the number of PMP-certified professionals in Armenia reached 429, a 64% increase compared with July 2022. In 2024 Armenia leads CIS countries by the number of active PMP certificate holders per million population.

In January-September 2024, RA banks registered AMD 268 billion net profit, which is about 25% more than last year. The highest profit was registered by Ardshinbank (AMD 83 billion). All banks made a profit, but 3 out of 18 commercial banks recorded a decrease in net profit.

In 2024, the number of professionals with a CFA certificate in Armenia reached 61, an increase of 16 or 26.2% compared to 2020. As in 2020, in 2024 Armenia continues to lead CIS countries in the number of CFA charterholders per million population.

In January-June 2024, RA banks registered AMD 172 billion net profit, which is about 1.2 times higher than last year. The highest profit was registered by Ardshinbank (AMD 50 billion). All banks made a profit, but 4 out of 18 commercial banks recorded a decrease in net profit.

In 2023, RA banks registered AMD 230 billion net profit which is 9% less than last year. Ardshinbank registered the biggest profit with AMD 62.7 billion. All banks, except Artsakhbank and Armswissbank, operated with profit, however 6 out of 16 commercial banks recorded a decrease in net profit.

In January-September 2023, RA banks registered AMD 215 billion net profit, which is about 11% more than last year. The highest profit was registered by Ardshinbank (AMD 56.9 billion). All banks made a profit, but 6 out of 18 commercial banks recorded a decrease in net profit.

In January-June 2023, RA banks registered AMD 142 billion net profit, which is about 1.2 times higher than last year. The highest profit was registered by Ardshinbank (AMD 38.2 billion). All banks made a profit, but 4 out of 18 commercial banks recorded a decrease in net profit.

In January-March 2023, RA banks registered AMD 70 billion net profit, which is about 2 times higher than last year. The highest profit was registered by Ardshinbank (AMD 16.7 billion). All banks made a profit, but 2 out of 18 commercial banks recorded a decrease in net profit. For the first time, Fast Bank was […]

At the end of 2022, investments in RA government (treasury) bonds amounted to AMD 1.4 trillion, which is about twice as high as at the beginning of the year. Investments by commercial banks recorded a sharp increase (+ AMD 390 billion or 86%)։ Investments carried out by non-bank residents grew by AMD 107.1 billion or […]