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Money Transfer Turnover Of Unibank Through Unistream Exceeds $801mln

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  • Money Transfer Turnover Of Unibank Through Unistream Exceeds $801mln

    MONEY TRANSFER TURNOVER OF UNIBANK THROUGH UNISTREAM EXCEEDS $801MLN IN 2008

    ARKA
    Jan 19, 2009

    YEREVAN, January 19. /ARKA/. In 2008 the turnover of money transfers
    of Unibank CJSC through Unistream payment system exceeded $801mln,
    the bank's press-service told ARKA News Agency. The system's share
    in Armenia's money transfer market is over 50%.

    In Armenia Unistream works through its exclusive partner Unibank which
    introduces the system in 2001. Unistream is introduced in 90 countries.

    Unibank was founded in 2001. It is co-owned by the Uniastrum
    Asset Management Ltd (50%) and the resident company Evainvest Ltd
    (50%). Unibank has 30 branches.

    According to the information at ARKA's disposal, the bank's turnover
    in Unistream payment system increased by 22.2% in 2008 against 2007.
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