VTB Armenia Bank shows money transfers indicators growth

ArmInfo. VTB Bank Armenia  summarized the results of cash transfers transactions of 2016, which  showed a 6%  annual growth  despite the cash transfers market  dropdown in Armenia   for the period mentioned. According to the  information obtained at the press office of the bank, VTB Ban Armenia  share at the cash transfers market  in 2016 grew for  13%.  

According to the source, the anticipatory processes of the market  became possible due to the  Bank product line  development,  optimization of the cash transfers sending and receipt, as well as  due to active marketing policy of the bank. Particularly,  the  indicators growth was preconditioned by launching the joint  corridor/tariff of  VTB Group   within the framework of Unistream  transfers system, which  assumes that clients  have the option to  send addressed  cash transfers  to VTB Group banks in Georgia,  Ukraine, Kazakhstan and Armenia at decreased tariffs forming 0,9%   versus common market tariff which is 1,5 %.  At the same time, VTB  Bank Armenia in 2016 expanded the range of cooperation with other  cash transfer tools, connecting to the new local cash transfer system  of TellCell, and came out as a correspondent bank for the system. 

To mention, nowadays the following cash transfer systems are operated  at  VTB Bank:  MoneyGram, "Avers", "Unistream", "Fast Mail" ("Fast  Post"), "InterExpress", "Intel …xpress", "Anelik", "Ria Money  Transfer", "Sigue Money Transfer", which, in its turn, secures the  competitiveness of the Bank at the market of Banking services  provided to the population. The bank started to cooperate  with  Unistream system in 2011, becoming  a leader in the sector of cash  transfers in Armenia.  

To remind, from 2004 VTB Bank Armenia JSC  is  the part of VTB Group  (100pct share). It has the country's biggest branch network - 67  branches.