YEREVAN, November 28. /ARKA/. Russian-owned Bank VTB (Armenia) has joined international Zolotaya Korona money transfer system, its press office told ARKA.

It said the bank's clients can now send and receive money via this system from any of its 68 branches in Armenia and the head office both in Russian rubles, U.S. dollars and Euros at the lowest commission rates.

Bank VTB Armenia CEO, Valery Ovsyannikov, was quoted as saying that commissions begin with 0.5% for sending money from Russia and 1.5% for sending money from Armenia.

Zolotaya Korona is a system of instant money transfers without opening an account with more than 24,500 service offices in Russia and CIS countries, including more than 1,800 offices in Moscow. Its partners are more than 300 banks in Russia and the CIS and the largest Russian mobile retailers.

VTB Bank (Armenia) operates also money transfers systems Contact, Bystraya Pochta, Interexpress, Anelik, Migom, Blizko, RIA Money Transfer, which make it highly competitive in the market of banking services.

VTB Bank (Armenia) is a 100% subsidiary of Russian VTB Bank and hss the largest chain of branches in Armenia. –0—