Tuesday, April 3 2012 19:31
Armenian Development Bank, Armeconombank and Artsakhbank join UNISTREAM system in Armenia
ArmInfo. Three more banks - Armenian Development Bank, Armeconombank and Artsakhbank - have joined the UNISTREAM system in Armenia. The press service of the Central Bank of Armenia (CBA) told ArmInfo that the CBA Board provided the banks with the relevant permit on April 3.
Thus, 10 Armenian banks have already joined the system: Prometey Bank, VTB Bank (Armenia), Ardshininvestbank, Armbusinessbank, INECOBANK, ACBA-Credit Agricole Bank, Araratbank, Armenian Development Bank, Armeconombank and Artsakhbank. Now UNIStream has 11 partners in Armenia, including Unibank.
To note, today UNIStream is the most demanded money transfer system in Armenia and the market leader by both the volume and the number of transfers. Unibank is the strategic partner of UNIStream in Armenia. In 2011 the turnover of UNIStream amounted to $673 mln (almost 13% growth versus 2010). The number of transfers grew by 8% to 810.1 thsd as compared to 2010. In 2011 a total of 7.1 mln money transfers were carried out via UNIStream (17% growth versus 2010).