Armenian Ardshininvestbank starts operating money transfers on RIA international system

YEREVAN, August 25. /ARKA/. On August 24, all the branches of Ardshininvestbank started operating money transfers on RIA international system, the press office of the bank said.

Swift transfers are available to the bank clients in 70,000 points of service in more than 100 countries.

Nerses Karamanukyan, chairman of Ardshininvestbank’s board, said that the aim of the bank was to offer Armenians worldwide swift and reliable money transfer services.

He said Ardshininvestbank cooperates only with advanced and reliable companies, such as RIA.

RIA is reckoned among the world’s swiftest money transfer systems.

Ardshininvestbank received its license for banking activities from the Central Bank of Armenia on February 27, 2003.

The main stockholders of the bank are “Region” investment financial corporation (86.82%) and the International Financial Corporation (10%). Arshininvestbank is an affiliated member of MasterCard/Europay international payment system and a stockholder of local transfer system Armenian Card closed joint stock company.

Currently Ardshininvestbank cooperates with a number of Russian banks – Promsvyazbank, Socgorbank, Forabank and Sberbank.

The bank has 49 branches, including 6 branches in Nagorno-Karabakh Republic and a representative office in Paris. Today, the bank provides services to 170,000 individuals and legal entities.

In 2008, Moody’s international ratings agency conferred long-term Ba3 and short-term Not Prime ratings to Ardshininvestbank for deposits in local currency. (“BFSR”) “D-” financial stability rating was also assigned to the bank.

In 2008, Ardshininvestbank received ISO 9001:2000 international quality certificate. M.V.-0---