ANELIK TRANSFER SYSTEM DROP EXPECTED BY YEAREND

/PanARMENIAN.Net/
27.05.2009 13:53 GMT+04:00

/PanARMENIAN.Net/ By the end of the year a drop in Anelik transfer
system is expected.

"Anelik Bank is a bank with its own money transfer system, which
functions in more than 200 banks in 100 countries," Anelik Bank
President Aram Lazarian said in an interview with PanARMENIAN.Net.

"It’s natural that the crisis affected the bank’s activities," he said.

"Anelik system functions in many former socialist and Western European
countries. Due to the crisis consequences, we expect 10-30% drop by
the end of the current year. Besides, some banking processes were
frozen, as a result of panic-stricken population," Mr. Lazarian said.