Armenian development bank introduces new service

YEREVAN, September 12, /ARKA/. The Armenian Development Bank (ADB) has
announced introduction of a new distant Internet bank service, a press
release posted on the bank’s official website said.

The new system allows bank’s customers to make use of its major
services from any country of the world with access to Internet. The new
system, unlike the Bank-Client system, does not require special
software back up. What is needed is access to Internet and a special
device provided by the bank.

The press release said the new system has been designed both for
individual and corporate customers.

Its specific features are a wide range of services, high level safety,
accessibility to people speaking Armenian, Russian and English.

Corporate clients (heads, chief accountants and other users) are
provided with special identification devices and can use various
reference books (BIC Directory of Armenian banks and currencies and BAN
and RUR6 standards.

The Armenian Development Bank provides its clients with Digipass 270
and Digipass GO3 devices free of charge. The monthly service rate for
individuals is 2000 and 1,500 drams, depending on the type of the
device and 5,000 Drams for corporate clients.

Six thousand and 12,000 Drams are charged for a new password depending
on the device type.

The Armenian Bank of Development was founded in 1990. Until 1996 it
acted under the name of Bank of Reconstruction and Development. -0-