Thursday, June 10 2010 14:47

ArmInfo. Ardshininvestbank made private transfers in the amount of over $48 million for January-May 2010. Tigran
Shahinyan, Head of the Ardshininvestbank Department for Payments and Deposits, told ArmInfo the bank ensured a similar indicator also for the same period of 2009.

"This depends on two key factors: continuing crisis in the global economy and fall of EUR exchange rate. We believe that such situation in the global market will continue till the end of the year," Shahinyan said. He pointed out that the most significant growth of private transfers at the bank is observed starting June every year. He mentioned that the number of private transfers grew to 97500 over the 5 months of 2010 (by 3000 transactions). Nearly 90% of total private transfers are to Armenia and the others from Armenia. The shares of Russia and the USA in total transfers are the largest: over 65% and 15% respectively.

T. Shahinyan said that Ardshininvestbank is currently negotiating with two lead international payment systems for cooperation already in the current year. The Central Bank of Armenia has recently provided Ardshininvestment with a permission to participate in the Coinstar Money Transfer System. At present the bank operates of the international systems Contact, MoneyGram, Migom, IntelExpress, RIA, Bistraya Pochta, and cooperates with the Russian Socgorbank, Fora
Bank and Sberbank in the sphere. T. Shahinyan said that the bank is expected to announce actions jointly with the money transfer systems starting August.

Ardshininvestbank is on the second position in the banking system of Armenia in terms of the branch network: 55 brands, including 13 in Yerevan, 36 in the regions and 6 in the NKR, as well as an office in Paris.