CENTRAL BANK OF ARMENIA PERMITS BTA BANK CJSC TO JOIN MONEY GRAM PAYMENT SYSTEM

ARKA
May 22, 2009

YEREVAN, May 22. /ARKA/. The Central Bank of Armenia permitted BTA
Bank CJSC to join MONEY GRAM international payment system.

According to the CBA press-service the decision was made during the
sitting of the CBA Board presided over by CBA Chairman Artur Javadyan
on Friday.

BTA Bank CJSC is a strategic partner of one of Kazakhstan’s biggest
banks – BTA Bank JSC which holds 49% of shares in the authorized
capital of BTA Bank.

The other shareholders of the banks are company ZRL (31.1%) and
Kazakh-Armenian company MOBILEX (16.2%).

Currently the bank implements transfers through Faster, Migom and
CONTACT payment systems.