Armenian Unibank’s branch network to get online

YEREVAN, February 3. /ARKA/. Armenia’s Unibank plans to launch an online branch network in March, with its Abovyan, Artashat and Echmiadzin branches getting online in January.

Currently, the bank’s head office, as well as its 12 Yerevan-based and seven regional branches are connected to a common database.

“Thanks to the online system, our clients can make deals in any branch inside the system, irrespective of the initial address of the service,” Unibank’s press service says.

The bank believes the online system is particularly advantageous for customers using money transfer services. The bank allows clients to get transfers through Unistream in any branch connected to Unibank’s online system, no matter what address the sender has mentioned.

Unistream money transfers’ turnover reached $802mln in Armenia last year – 22% year-on-year rise. The bank started to introduce the online branch network system last July.

Established in 2001, Unibank offers a full range of banking services via its head office and 30 branches in Yerevan and Armenian regions. The bank’s liabilities rose 53.7% to 59bln 319mln drams in 2008, with its total capital reaching 8bln 822mln drams (25.8% year-on-year increase). Unibank’s assets rose 49.4% to 68bln 141mln drams. As a result, the bank earned 1bln 729mln worth net profit last year.

Uniastrum Asset Management LLC is the 50% shareholder of the bank, with the rest of the shares owned by Eviainvest LLC resident company. Z. Sh. –0--