PRIVATE TRANSFERS TO ARMENIA FOR 2009 Q3 UP 37%

ArmInfo
2009-11-18 15:00:00

ArmInfo. Private transfers to Armenia via commercial banks through
the international payment systems were up 37% (by 28 billion drams)
for 2009 Q3 versus Q2 and were down 24% (by 34 billion drams) as
compared to 2008 Q3 and totaled 102 billion drams; says the report
of the Central Bank of Armenia on the payment systems for 2009 Q3.

Private transfers via commercial banks for 2009 Q3 totaled 112.8
billion drams (445166 transfers), which exceeded the money transfers
from Armenia ten times. Money transfers to Armenia were made via
eighteen international payment systems: UniStream, Anelik, Migom,
Money Gram and others. The average size of a transfer to Armenia
totaled 253,000 drams in the 2009 Q3, which was by 35,000 drams higher
than for the Q2.

Payments to individuals via correspondent accounts of commercial banks
total 91 billion growing 126% versus Q2 (by 51 billion drams) and 78%
(by 40 billion drams) versus Q3 2008. The average size of such payment
grew by 2 million drams totaling 3.6 million drams. Transfers from
Armenia via correspondent accounts by individuals totaled 79 billion
drams falling 0.7% (by 0.6 billion drams) versus 2008 Q3. Transfers
to Armenia through interbank settlement systems (SWIFT, Teleks, fax)
totaled 765 billion drams 2009 Q3 (45646 transfers) with an average
transfer totaling 17 million drams growing 43% per year.

Local payment organizations transferred 1.2 billion drams for Q3
including 1 billion drams due to membership in international payment
systems. Transfers from Armenia via these organizations totaled 0.1
billion drams. The average size of a transfer to Armenia via these
organizations totaled 89,000 drams falling by 19,000 drams versus
the same period of 2008.