Areximbank - Gazprombank Group reports 66 % surge in remittances last year

Areximbank - Gazprombank Group reports 66 % surge in remittances last year

YEREVAN, February 7. / ARKA /. The amount of private remittances in 2013 going through Areximbank - Gazprombank Group soared by 66 %, including a 140% rise in remittances to Armenia and a 31% rise in money transfers from it, the Russian-owned bank said today in a press release.

The bank said the amount of remittances via various international payment systems without bank account opening doubled. The bank explained it by joining to new money transfer systems.

The bulk of remittances came as usual from the Russian Federation, followed by the United States, United Arab Emirates and China. The bank said it expects the amount of private remittances to grow this year by another 20 percent.

Areximbank-Gazprombank Group implements  international money transfers via MONEYGRAM, ANELIK,  Express Mail, UNISTREAM, AVERS, INTELEXPRESS, SIGUE MONEY TRANSFER, RIA MONEY TRANSFER systems. It also offers instant money transfers between Russia and Armenia.

Areximbank - Gazprombank Group, founded in 1998 to support financial flows between Russia and Armenia was acquired fully in 2007 by  Russia's Gazprombank. .-0-

15:45 07.02.2014

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