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ArmBusinessBank To Start Providing VISA Cards Starting May 15

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  • ArmBusinessBank To Start Providing VISA Cards Starting May 15

    ARMBUSINESSBANK TO START PROVIDING VISA CARDS STARTING MAY 15

    ArmInfo
    2009-05-09 00:20:00

    ArmInfo. ArmBusinessBank (ABB) will start issuing and serving
    plastic cards of VISA International payment system. To recall,
    earlier Chairman of ABB Board Ara Kirakosyan said in his interview
    with ArmInfo correspondent that on December 4, 2008, the bank has
    become an affiliated member VISA Int. System, and in this connection,
    it intends to issue VISA cards (Electron, Classic, Business and
    Gold). Speaking of development of the card business, Kirakosyan said
    that to diversify services, the bank is working out new products with
    foreign companies. "We intend to offer new card services to the market,
    which are lacking in Armenia",- he assured.

    According to the data as of April 1, 2009, ABB shareholders are the
    Ukrainian Ukrprombank (35%), Ukrainian insurance company Alpha-Garant
    (35%), and Chrystie Management Inc. (30%).
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