YEREVAN, July 4. /ARKA/.Bank Anelik will join AVERS international money transfer system on July 7, the bank’s press office reported.

The bank’s clients will be able to send and receive money through remittances to/from over 30 countries, in US dollars, Russian rubles and euros, at lower rates starting from 1%, according to the report.

The bank’s PR officer Astghik Martirosyan said the bank is expanding the list of its money transfer partner systems and joins AVERS now.

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Tags: AVERS, Bank Anelik, system, TRANSFER

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The ratio of Armenia’s financial system’s assets to GDP in 2013 was 77.1%, increasing by 8.5 percentage points from the previous year, according to the annual report of the Central Bank on the country’s financial system, development and supervision

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Tags: ASSETS, FINANCES, GDP, system

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The Russian-owned VTB Bank (Armenia) said it has upgraded its Internet banking service

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Tags: INTERNET BANKING, system, VTB Bank (Armenia)

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Armenia’s finance ministry said today it has upgraded the government-run electronic payment system at e-payments.am

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Tags: FINANCE MINISTRY, government payments, system

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Before the end of the current fiscal year (ending June 2013) Armenia will receive a $35 million loan from the World Bank to improve its health facilities and another $22 -$30 million loan for rehabilitation of irrigation systems, head of the Armenian office of the World Bank, Jean-Michel Happi, said today

Categories: Banks @en, General news, News, News of the hour | Comments Off on World bank to provide armenia with $60 million loan to improve health services and irrigation systems

Tags: Armenia, bank @en, system

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Areximbank- Gazprombank Group started effecting money transfers via Ukrainian Avers, the bank’s press service reported

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Tags: Areximbank – Gazprobank Group, AVERS, Money, system

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International Monetary Fund (IMF) has elaborated three possible scenarios of Armenian financial system’s default based on stress-test of liquidity and paying capacity of Armenian banking system. The projections (baseline, moderate and severe scenarios) are included in the report on Armenia’s financial stability published on IMF’s webpage

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Tags: Armenia, Finance, IMF, system

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The Central Bank of Armenia said Thursday the permit for Migom payment system to

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Tags: Armenia, MIGOM, system

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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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Tags: ArCa, payment, system, transactions

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Armenian Central Bank governor, Artur Javadyan, described today the country’s financial system as well-established and stable.

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Tags: Armenia, CBA, Finance, system

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