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Central Bank Of Armenia Permits BTA Bank CJSC To Join Money Gram Pay

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.

Chakhmakhchian Vatche:
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