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Areximbank-Gazprombank Group Intends To Increase Volume Of Transfers

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  • Areximbank-Gazprombank Group Intends To Increase Volume Of Transfers

    AREXIMBANK-GAZPROMBANK GROUP INTENDS TO INCREASE VOLUME OF TRANSFERS BY ALMOST 40% TO 40 BILLION DRAMS IN 2011

    ArmInfo
    2010-07-09 12:03:00

    ArmInfo. "Areximbank-Gazprombank Group" has joined MIGOM
    international money transfer system for individuals without opening
    an account. The system carries out instantaneous money transfers
    among CIS countries and some European countries. As press service of
    "Areximbank-Gazprombank Group" told ArmInfo, transfers are carried
    out in US dollars, Euro and Russian rubles.

    According to the source, the volume of transfers in 2009 reduced by 35%
    because of the crisis. Market experts think that such a situation was
    typical to all the Armenian banks, that caused reduction of the total
    volume of transfers in 2009. "Areximbank- Gazprombank Group" assured
    growth of money transfer volumes in 2010 by 35- 40%. According to the
    bank's strategy, the expected turnover of individuals' transfers by
    late 2010 will make up 29 bln drams, and by late 2011 - 40 bln drams.

    To note, "Areximbank-Gazprombank Group" CJSC was founded in 1998. The
    bank currently carries out international money transfers also via
    Bystraya pochta (express money transfer system), Leader, Contact and
    Money Gram systems.




    From: A. Papazian
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