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Transfers via CONTACT system increased by 47% in the second quarter

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  • Transfers via CONTACT system increased by 47% in the second quarter

    Transfers via CONTACT system increased by 47% in the second quarter
    29.08.2009 15:00 GMT+04:00

    /PanARMENIAN.Net/ During the first quarter of the current year,
    transfers to Armenia via CONTACT international system have increased
    by 47% in comparison with the first quarter

    A leading country among CIS republics was Uzbekistan (63%), followed
    by Tajikistan (53%) and Moldova (41%). Kyrgyzstan, whose transfers
    comprised 20%, lags behind. Average volume of transfers to CIS
    countries comprised 54%, Russlabank's press service reports.

    In the first quarter of 2009, transfer rate to key directions was as
    follows: 23% - to Uzbekistan, 18% - to Tajikistan, 17% - to Moldova
    and 9% -to Kyrgzstan and Armenia. Average index of such growth
    testifies to the stable situation of CONTACT system as one of leading
    companies making transfers to CIS states.
    In cooperation with participating banks, CONTACT clearance centre
    currently undertakes a range of measures to essentially broaden the
    network and enhance services. All that contributes to increasing
    transfer volumes and system shares on post-Soviet area.
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