YEREVAN, July 15. /ARKA/. Leader International Money Transfer System was surprised to learn that the Central Bank of Armenia ruled July 11 to suspend its operation in Armenia, Elena Yermoshina, a public affairs officer for Artisan Group who is also a press officer for Leader, told ARKA News Agency on Friday.

On July 7, the central bank’s board stripped the Leader from its right to run activity in the country, since the latter has periodically ceased serving some provincial offices of Armenian banks.

Earlier, in 2008, the regulator prohibited Armenian commercial banks from participating in Western Union because of this system’s refusal to operate money transfers to Nagorno-Karabakh Republic.

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Bank VTB (Armenia) said today it has completed the installment of a distance learning system.

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Tags: Armenia, system, VTB Bank (Armenia)

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VTB Bank (Armenia) launches an automated system for making decisions on retail loans on February 1.

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Tags: LOAN, system, VTB Bank (Armenia)

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Armenian Ameriabank said today it has completed the process of introducing a system designed to manage environmental and social risks.

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Areximbank-Gazpormbak Group said in a press release it has introduced an expanded system of social benefits for its staff. ‘to raise the level of their social protection, to encourage leading specialists and make the staff feel more confident about tomorrow.’

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Tags: AREXIMBANK, Armenia, system

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Armenia’s banking system is one of most reliable in Commonwealth of Independent States, Ruben Vardanyan, the head of Troika Dialog Group’s directorial board.

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Tags: Armenia, BANKING, system, VARDANYAN

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Armenian Cascade Bank has joined Bystraya Pochta system of money transfers, the bank’s press office told ARKA news agency.

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One of the largest Armenian commercial banks-Ardshininvestbank- said it has reduced the commission for money transfers via Contact system from 3% to 2%.

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Tags: Ardshininvestbank, Armenia, Contact, system

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Armenian Inecobank has introduced a new version of “Bank-Client” system, the bank reports on its official site.

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Tags: Bank-Client, Inecobank, system

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