Friday, October 14 2011 17:33
Central Bank of Armenia approves Armeconombank's participation in Intel Express system
ArmInfo. The Council of the Central Bank of Armenia (CBA) has approved Armeconombank's participation in Intel Express payment and settlement system. The relevant decision was taken at today's sitting of the CBA Council presided over by CBA Chairman Arthur Javadyan.
The CBA press service told ArmInfo that the CBA Council also decoded to transform the status of the National Mortgage Company universal credit organization into a refinancing credit organization.
To remind, Armeconombank also works under such international money transfer systems as Coinstar Money Transfer, Migom, Money Gram, Anelik, Blizko, Leader, Bystraya Pochta, PrivatMoney, etc.
To note, National Mortgage Company was founded on 16 June 2009 by the decision of the Central Bank of Armenia. As of 30 Sept 2011, the assets of the NMC totaled 14.7 bln AMD, 86% of which fell on provision of crediting. Today the balance of the portfolio of the NMC refinanced loans is 13 bln AMD, with the total volume of the refinanced mortgage loans being over 15 bln AMD, and the total capital of the company is 8.5 bln AMD. At present the NMC has general contracts with 15 commercial banks and 3 credit organizations: ArmBusinessBank, ARARATBANK, Armeconombank, Artsakhbank, Anelik Bank, Areximbank- Gazprombank Group, Ardshininvestbank, VTB Bank (Armenia), HSBC Bank Armenia, INECOBANK, Byblos Bank Armenia, Unibank, Armenian Development Bank, Converse Bank, ArmSwissBank, as well as First Mortgage Company, Global Credit, and Express Credit.
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