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ARMENIAN ARARATBANK CARRIES OUT ARMENIA-UAE-ARMENIA 150 TRANSFERS VIA XPRESS MONEY IN SIX MONTHS
ARKA
Apr 7, 2009
YEREVAN, April 7. /ARKA/. Armenia's Araratbank carried out around 150
money transfers of outward remittances to and inward remittances from
UAE via XPRESS Money system in the past six months.
This January, the bank became the exclusive representative of the
money transfer system in Armenia, Araratbank's press service reports.
The service enables business circles and private entrepreneurs to
transfer money in both directions at favorable prices.
XPRESS Money is the most popular transfer system in UAE, particularly
among small-and-medium-sized enterprises doing business in Dubai,
Araratbank's press service says in its statement.
XPRESS Money has a widespread use in Lebanon, Syria, Iran, Pakistan,
India and other countries.
As a legal successor of Haykap Bank, Araratbank was established on
September 2, 1991. On October 31, 1996, the bank was granted Banking
License N4. The European Bank fro Reconstruction and Development
is a 25% shareholder of the bank, with Barsegh beglaryan, Armenian
businessman, owner of Flash Company, holding 74.1% of the bank's
shares.
Araratbank offers bank transfer services via Anelik, XPRESS
Money, Migom, BTF-Souz, Privat Money, Blizko, Bistraya Pochta and
Avers. ($1-371.49 drams)
ARKA
Apr 7, 2009
YEREVAN, April 7. /ARKA/. Armenia's Araratbank carried out around 150
money transfers of outward remittances to and inward remittances from
UAE via XPRESS Money system in the past six months.
This January, the bank became the exclusive representative of the
money transfer system in Armenia, Araratbank's press service reports.
The service enables business circles and private entrepreneurs to
transfer money in both directions at favorable prices.
XPRESS Money is the most popular transfer system in UAE, particularly
among small-and-medium-sized enterprises doing business in Dubai,
Araratbank's press service says in its statement.
XPRESS Money has a widespread use in Lebanon, Syria, Iran, Pakistan,
India and other countries.
As a legal successor of Haykap Bank, Araratbank was established on
September 2, 1991. On October 31, 1996, the bank was granted Banking
License N4. The European Bank fro Reconstruction and Development
is a 25% shareholder of the bank, with Barsegh beglaryan, Armenian
businessman, owner of Flash Company, holding 74.1% of the bank's
shares.
Araratbank offers bank transfer services via Anelik, XPRESS
Money, Migom, BTF-Souz, Privat Money, Blizko, Bistraya Pochta and
Avers. ($1-371.49 drams)