ARDSHININVESTBANK AND MONEYGRAM HANDS IN CERTIFICATES FOR TRIP TICKETS TO THREE CLIENTS

ArmInfo
2009-09-18 16:12:00

ArmInfo. Ardshinivestbank and MoneyGram international money transfer
system handed in certificates for trip tickets to three clients within
the frames of their joint summer action.

As Ardshininvetsbank Chairman of the Board Nerses Karamanukyan said
at today’s certificate handing in ceremony, the winners, selected
by draw on September 11, will be enabled to go on a journey to the
country they choose, on the bank-provided funds of $1.5 thousand
each. Anahit Harutyunyan from Armavir, Ripsik Torosyan from Gyumri
and Anania Gabikyan from Yerevan have become winners of the draw with
participation of 570 clients, who carried out transfers to the sum
exceeding 400 Euro through MoneyGram system from June 10 to August 31.

Along with it, N. Karamanukyan said that the initiative of the draw
belongs to MoneyGram system with which the bank has been cooperating
since 2003, and the volume of money transfers via this system is
growing from year to year.

"If this volume in the beginning of our cooperation made up about
$300,000, now it makes up $2 mln monthly", he emphasized.

MoneyGram Marketing manager for CIS and Israel Andrey Afanasyev told
ArmInfo that Ardshininvestbank is one of the system’s partners. "We
are very pleased with cooperation with Ardshininvestbank which makes
sufficient efforts to continuously increase the system’s turnovers
in the country", he emphasized.

Head of Ardshininvestbank’s Private Transfer Department Tigran
Shahinyan told ArmInfo that the bank’s money transfers as of September
1, 2009, exceeded $90 mln, and the bank intends to assure $150-180
mln of private transfers till late 2009, against $200 in 2008.

Ardshininvestbank carries out money transfers also through other
international payment systems, in particular, Contact, MoneyGram,
Migom, Fast Mail, IntelExpress, RIA and the Russian Promsvyazbank,
Sotsgorbank, Forabank and Sberbank. At present, 80% of the bank’s
total money transfer turnover falls on CIS, the rest part –
on the USA and Europe. On the branch network, Ardshininvestbank
takes the second place in the banking system of Armenia having 55
branches, 13 of which are in Yerevan, 36 – in the regions and 6 –
in the NKR. The bank has also a representation in Paris. "Business
Investment Center" LTD with 86,82% equity share and International
Financial Corporation (IFC) with 10% equity share are the majority
shareholders of Ardshininvestbank. In 2008, the bank was awarded an
international quality standard certificate ISO 9001:2000.