Monday, May 30 2011 15:42
Zolotaya Korona money transfer system reduces tariffs
ArmInfo. One of the Russian money transfer systems Zolotaya Korota reduces tariffs for remittances from Russia to Armenia to 0.5% instead of the previous 1.5% starting June 20, ACBA Credit Agricole Bank told ArmInfo. The Bank has been cooperating with the system since 2008.
ACBA Credit Agricole Bank announced an intention to increase the volume of remittances via Zolotaya Korona from Russia to Armenia. The Bank deals with the following money transfer systems: Contact, AGBA Trasfer, Migom, Leader, Zolotaya Korona, Bistraya Pochta, Avers, MoneyGram, Anelik, Blizko. In addition, ACBA Credit Agricole Bank makes remittances via S.W.I.F.T system through foreign banks: Citibank N.A. and Deutsche Bank Trust Company America, Commerzbank F/M and Deutsche Bank AG (Germany), Credit Agricole S.A. (France), Raiffeisen Bank International AG (Austria), National Bank of Greece S.A., and Russian banks Raifffeisenbank Austria CJSC, Promsvyzabank, Sberbank and Russlavbank
Ranking of Armenian Commercial Banks prepared by ArmInfo says ACBA Credit Agricole Bank was the leader in terms of key figures as of March 31 2011. Total capital of the bank on that date was 40.4 bln drams, assets totaled 169.8 bln drams, including 70.5% or 119.7 bln drams was the loan portfolio. The bank's profit for the Q1 2011 totaled 1.2 bln drams.
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