HSBC Bank Armenia largest taxpayer in country’s banking systemFebruary 6, 2012 - 10:30 AMT PanARMENIAN.Net - HSBC Bank Armenia was the largest taxpayer in the banking system of Armenia in 2011. According to the results for 2011, the bank ranked 21st in the list of the 1000 largest taxpayers of Armenia, the bank said in a press release. The amount of taxes paid by HSBC Armenia during the period January-December 2011 totaled AMD 2.920 billion, which was almost 2.5 times higher (a 145% increase) than the volume of taxes paid during the same period of the previous year (AMD 1.186 bln.). The total sum of direct taxes (including income tax) paid by HSBC Armenia during 2011 was AMD 2.550 billion (184% growth), which was the fifth place amongst total taxpayers and first amongst banks. “I am very pleased that HSBC Bank Armenia managed to achieve the highest profit in the banking sector and, as a result, we were the largest taxpayer, transferring some AMD 3 billion to the state budget,” commented Astrid Clifford, HSBC Bank Armenia Chief Executive Officer. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | IDBank, Dalma team up for Caucasian Deer Reintroduction Program IDBank has joined Dalma Garden Mall’s Green Challenge to support the Caucasian red deer reintroduction project. Through Ucom’s support the 12th Sunchild Festival concludes On May 24-28, with the support of Ucom, the 12th international environmental festival Sunchild took place in Yerevan. U.S., Turkey emphasize importance of Armenia-Azerbaijan peace deal Jake Sullivan and Akif Cagatay Kilic have discussed the normalization process between Armenia and Azerbaijan. Armenia coach expects good football in Slovenia friendly The Armenian national team has left for Ljubljana a friendly match against Slovenia on June 4. |