Monday, February 27 2012 15:32

Inecobank joins UNISTREAM system


ArmInfo. Inecobank has joined the UNISTREAM international money transfer system.

The press service of Inecobank reports that from Feb 20 on the bank's customers will be able to send and receive money in USD, EUR and RUR. The transfer takes just 10-15 minutes, the commission fee being just 0.35%.

Inecobank is member of the Zolotaya Korona, Bystraya Pochta, Money Gram, Migom, Blizko, Contact, InterExpress systems, with as many as 64,000 transactions carried out in 2011.

In 2011 the bank's loan book grew by 56.1% to 64bln AMD or $165.8mln: corporate loans grew by 79.2% to 43.3bln AMD (67.7% of the loan book), personal ones - by 33.4% to 20.1bln AMD (31.5%). In Q4 the authorized capital grew by 3.5bln AMD to 7.9bln AMD or $20.5mln. The net profit totaled 2.6bln AMD or $6.7mln - 20% higher than in 2010.

Inecobank has 13 branches, of which 7 are located in Yerevan.
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