ARMECONOMBANK" RECEIVED A DIPLOMA FROM WESTERN UNION

Mediamax
Nov 8, 2007

Yerevan, November 8 /Mediamax/. "Armeconombank" received a diploma from
Western Union for the long-term mutually beneficial cooperation and
the contribution to the development and enlargement of the company’s
network in Armenia.

As Mediamax was told in the press service of "Armeconombank", the
start of cooperation with Western Union took place in 1999, when the
bank gained an official status of the subagent of Western Union.

In 2003, "Armeconombank" received the status of the agent of Western
Union and became the representative of the company in Armenia. At
present, "Armeconombank" has 7 subagents of Western Union in Armenia,
6 of which are commercial banks, and one – a payment-account system.