PROCREDIT BANK TO INTRODUCE COINSTAR MONEY TRANSFER SYSTEM

PanARMENIAN.Net
April 13, 2010 – 17:02 AMT 12:02 GMT

During the April 13 sitting, the Armenian Central Bank allowed
ProCredit Bank to participate in implementation of money transfers
through Coinstar Money Transfer system, the press service of the RA
Central Bank reported.

Coinstar Money Transfer system allows implementing money transfers
in US dollars and euros to 118 countries.

ProCredit Bank has launched its activity in Armenia since February 5,
2008. ProCredit Bank in Armenia is a member of ProCredit Holding,
consisting of 22 financial institutions worldwide.

ProCredit Bank shareholders are as follows: ProCredit Holding AG –
67.50% shares, EBRD – 16.67% shares and KfW – 15.83 % shares.

From: Emil Lazarian | Ararat NewsPress