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Money Transfer Turnover Of Unibank Through Unistream Amounts $802mln

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  • Money Transfer Turnover Of Unibank Through Unistream Amounts $802mln

    MONEY TRANSFER TURNOVER OF UNIBANK THROUGH UNISTREAM AMOUNTS $802MLN IN 2008

    ARKA
    Feb 12, 2009

    YEREVAN, February 12. /ARKA/. In 2008 the turnover of money transfers
    of Unibank CJSC through Unistream payment system amounted to $802mln,
    the bank's press-service told ARKA News Agency. The system's share
    in Armenia's money transfer market is over 50%.

    According to the official website of Unibank, transfers through
    Unistream remain in top levels this year as well. Over 33,000 transfers
    to the amount of $26mln were made in January alone.

    According to the assessment of experts, Unistream has the lowest
    interest rates - from 1.1%, moreover the bigger the sum, the lower
    the interest rate.

    Unistream is introduced in 90 countries.

    Unibank CJSC was founded in 2001. It is co-owned by the Uniastrum Asset
    Management Ltd (50%) and the resident company Evainvest Ltd (50%).

    On December 31 2008, the bank's assets reached 68.8bln AMD, with
    liabilities being 59.3bln AMD, capital 9.5bln AMD, credit investments
    46.1bln AMD, liabilities to clients 47.7bln AMD, and net profit for
    Jan-Dec 2008 amounting to 1.8bln AMD.

    Unibank has 30 branches.
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