YEREVAN, March 3. /ARKA/. Areximbank-Gazprombank Group said today it has started payment of child care allowances, which are transferred to the bank account of the beneficiary or to their card accounts handled by any payment system, operating in the territory of Armenia.

To receive the allowance the beneficiaries should first apply to the Ministry of Labor and Social Affairs and then to the head office or any branch of Areximbank. More information and the list of required documents can be found at the bank's website at http://www.areximbank.am/ru/npast/

Areximbank - Gazprombank Group was founded in 1998. It is now entirely owned by Russian Gazprombank.-0-

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If members of the Russia-led Eurasian Economic Union shift to mutual settlements in their national currencies that would significantly reduce Armenian banks’ transaction costs, economist Artak Manukyan said to ARKA

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Araratbank will pay no dividends for 2014 to shareholders

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Armenia’s current account deficit of the balance of payments will increase to 9.2% of GDP in 2015, and drop to 8.3% in 2016, according to the Asian Development Outlook 2015 report, released by the Asian Development Bank (ADB)

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The Russian-owned VTB Bank (Armenia) together with Telcell Company has launched today a special offer called ‘Profitable Payment.

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Russian premier Dmitry Medvedev instructed the central bank, the country’s ministry of finance and the treasury to ensure all Russian banks are connected to the state information system of state and municipal payments before November 6, 2013, the government press office reported

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The average daily amount of money transfers made through the payment systems of the Central Bank of Armenia (stock exchange activity not counted) in the fourth quarter of 2012 amounted to about 95.8 billion drams, an increase of 21% from the same period of previous year, the Central Bank of Armenia told ARKA

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The growth in the use of electronic payment products, such as credit and debit cards, added $983 billion to the Gross Domestic Product (GDP) of the 56 countries examined between 2008 and 2012, according to a study conducted for Visa by Moody’s Analytics, a leading independent provider of economic forecasting

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Armenian ArCa payment system was used in 2012 February to effect 436.3 million drams worth transactions via ATMs, which was 24 times more from a year earlier, the company told ARKA news agency.

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ArCa payment system used in 2011 to make 446.6 million drams worth transactions

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