Armeconombank Restores Leadership On Plastic Card Market

ARMECONOMBANK RESTORES LEADERSHIP ON PLASTIC CARD MARKET

ArmInfo
09.03.2010

ArmInfo. Armeconombank has restored its leadership on the plastic
card market, reports the press service of the bank.

As of Mar 1 2010 the bank had issued 82,646 cards – 17.8% of the
total number of cards issued by the ArCa member banks and 24.6% of
local cards. Some 96,649 transactions worth 3,645,199,833 AMD were
carried out by means of Armeconombank’s bancomats and POS-terminals
in Feb 2010.

In the last two years the leader on the plastic card market has been
ACBA-Credit Agricole Bank. Armeconombank issues ArCas and MasterCards
and is planning to join Visa International by the end of this year.

Feb 1 2010 there were 456,594 cards issued by the ArCA member banks –
30% more than Feb 1 2009.