YEREVAN, October 19. / ARKA /. Russian-owned Areximbank - Gazprombank Group expects the amount of private transfers to grow further by 15% before yearend.

The bank said in a press release that individual money transfers to Armenia and from it in the third quarter of this year amounted to 19.7 billion, of which transfers to Armenia stood at 8.3 billion drams, and that remitted from Armenia at 11,368,773,000 drams.

According to the report, as of October 1, 2011 about 4 billion drams were remitted by using a variety of international payment systems without account opening. Of that amount some 3.4 drams were remitted to Armenia.

Areximbank - Gazprombank Group works with international payment systems Contact, Fast Mail, MoneyGram, MIGOM and plans to join this year international money transfer systems Blizko and Anelik. The bank is owned fully by Gazprombank Group (Russia).

The total capital of the bank on October 1, 2011 amounted to 14.9 billion drams, the assets stood at 85.5 billion drams, liabilities at 70.6 billion drams. In the first nine months, the bank earned a net profit of 683.5 million drams. ($1 - 376.19 drams. -0-