Thursday, March 18 2010 14:14
Armeconombank expected to maintain leadership in plastic cards market
ArmInfo. Armeconombank is expected to maintain the leading position in the local market of plastic cards, says Vardan Yeghiazaryan, Head of the Armeconombank Department for Plastic Cards, in an interview with ArmInfo.
He says that on March 1 2010 the bank restored its leading position in the market ensuring 82755 active plastic cards, including 70231 ArCa and 12524 MasterCard. "The bank has become the leader in the given market again thanks to implementation of a number of projects and return of the loyal clients that had left the bank for various reasons earlier," Yeghiazaryan said. He said that 644 companies are the bank's corporate plastic cards holders.
Vardan Yeghiazaryan says that the bank is going to increase the number of plastic cards by 40% till the end of the year. He outlines that the bank is expected to obtain the status of a principal member of Visa International. In addition, the TeenCard projects will be further implemented in cooperation with the Yerevan Municipality and plastic cards will be issued as part of the UNWFP.