YEREVAN, May 30. / ARKA /. VTB Bank (Armenia) said today it has joined Tandem Transfers, the first national system of remittances, which allows its customers to send and receive money transfers without opening an account both within Armenia and abroad.

Transfers are made instantly in Armenian drams, US dollars, euros and Russian rubles.

The commission within the country is 0.8 % of the remitted amount and 1.3% for transfers abroad.
VTB Bank (Armenia) offers also money transfers through Unistream, Express Mail, Interexpress, Anelik, RIA Money Transfer, Monygram, Avers and Intel Express systems.

The customers can also get money transfers without visiting the bank by using VTB Transfer service: they need to activate this service on their VTB Bank (Armenia) card or purchase a special card VTB Transfer, call 87-87, tell the code word and the amount will be transferred to their cards in real time mode.

"We believe that every customer can choose the most convenient way to transfer and receive money from a wide variety of money transfer systems,” VTB Bank (Armenia) CEO, Yuri Gusev, was quoted as saying in a press release.

VTB Bank (Armenia) is owned fully by Russian bank VTB. It runs 67 branches across Armenia.
Its assets on April 1, 2014 amounted to 307.6 billion drams (YTD growth of 2.65%), liabilities stood at 262.5 billion drams (up 0.12%), total capital was worth 45.1 billion drams (a growth of 20.3 %), the bank’s lending stood at 229.9 billion drams (a growth of 5.89 %).-0-