Armenian Inecobank offers new service to clients

YEREVAN, September 4. /ARKA/. Armenian Inecobank offers a new service
to clients, Periodic Payments, the press office of the bank reports.

According to the report, the new service enables clients to pay bills
and operate other payments from their current and card accounts.

Thanks to the new service, clients will be able to pay utility bills,
repay loans, including credit instalments, as well as to replenish
their deposits and transfer money from their accounts.

Inecobank offers the new service to individuals and legal entities
having current or card accounts here.

To get this service c client can apply to any branch of Inecobank,
submit his/her passport, social card and fill the application form.

The service is free.

Clients can decide the size and periodicity of payments and can change
them by filling a new form.

The service-getters will enjoy the chance not to spend their time in
queues.

The information about the amount taken from accounts will be sent to
clients on the e-mails mentioned in their applications.

Inecobank closed joint stock company was registered on February 7,
1996. Currently it provides the whole range of banking services through
its headoffice and branches in Yerevan and in four regions of Armenia.

The biggest stockholders of Inecobank are member of KfW group DEG
company (Deutsche Investititions-und Entwicklunsgesellschaft mbH) with
13.5% and the International Financial Corporation with 10%.

In February 2009 Inecobank became a member of NASDAQ OMX Armenia Stock
Exchange.

The bank cooperates with European Bank for Reconstruction and
Development, USAID, KfW, Black Sea Trade & Development Bank and other
international.

The bank has nine branches. M.V.-0—