YEREVAN, June 22. /ARKA/. Armenian Armeconombank was awarded a certificate of quality excellence by German Commerzbank AG for faultless handling of international remittances in 2011.

In a press release sent to ARKA, Armeconombank said the certificate was awarded for operating remittances in conformity with international standards.

“Remittances were made automatically that reduced to minimum the duration of the money transfer process”, the press release said.

Armeconombank was registered on August 26, 1991. The European Bank for Reconstruction and Development holds 25%+1 share in it and 53.4% of the shares belong to the Sukiasyans family that had founded the bank. -0--