Tuesday, February 15 2011 14:25

New pension payment system introduced in Armenia starting 2011


ArmInfo. Since 2011 a new system of pension payment via the financial system has been introduced in Armenia. The pensions are paid via the banks and payment-settlement systems operating in the country.

The press service of the Central Bank of Armenia told ArmInfo that 15 commercial banks are involved in the process: Areximbank-Gazprombank Group, ACBA-Credit Agricole Bank, Artsakhbank, ARARATBANK, Ardshininvestbank, Armenian Development Bank (ADB), Anelik Bank, Converse Bank, ArmBusinessBank, Armeconombank, Mellat Bank, Unibank, Prometey Bank, VTB Bank (Armenia), BTA Bank, as well as 6 payment-settlement organizations: Adalev Ria, Edram, Quadracom, HayPost, Depi Tun, MEGA PANTERA.
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