Armeconombank cuts money transfer commission

08.12.2009 09:02
Armeconombank cuts money transfer commission

YEREVAN December 8, /ARKA/. Armeconombank and international money transfer system Leader

said today they have cut commission for remittances from 2% to 1.5% as part of New Year Exclusive program.

According to a statement, posted on the bank’s official website, remittances can be made in the head office of the bank and all its branches in Yerevan and provinces.

Armeconombank was registered in 1991. Seventy-five percent of its shares are held by its two major shareholders-the European Bank for Reconstruction and Development (25% plus one share) and SIL Concern (53.4%).

At the end of September the bank’s assets totaled 49.8 billion Drams, liabilities -41.4 billion Drams, the aggregate capital was 8.4 billion Drams, credit investments-29.1 billion Drams, customer liabilities-24.6 billion Drams.

The bank has 17 branches in Armenia and Nagorno-Karabakh. ($1- 385.21 Drams).  -0-

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