Ardshininvestbank reduces commission for money transfers via Contact system

YEREVAN, December 7, /ARKA/. One of the largest Armenian commercial banks-Ardshininvestbank- said it has reduced the commission for money transfers via Contact system from 3% to 2%.

The Contact money transfer system operates in 86 countries. Ardshininvestbank has been cooperating with this system since its inception in 2003 remitting money to and from Armenia in USD, Euros and Russian rubles.

‘We are cooperating with prominent international money transfer systems as well as with big Russian banks, seeking to provide our clients with broad opportunities to send and receive money through our bank. I think reducing the commission for money transfers via Contact system is a pleasant surprise for our customers,’ Nerses Karamanukian, Ardshininvestbank board chairman said.

Ardshininvestbank is one of the leaders in Armenia in providing money transfer services via Contact, MoneyGram, Migom, IntelExpress, RIA and Bystraya Pochta systems.

Ardshininvetsbank has 49 branches across Armenia and 6 in Nagorno-Karabakh Republic. It has also a representation in Paris, France. -0-

spot_img

POPULAR

Central Bank of Armenia: Sustainable and Sustainability-Linked Bond Market in Early Stages of Development

In its 2025 Sustainability Report, the Central Bank of Armenia notes that the sustainable and sustainability-linked bond market in the country is in its early stages of development.

A 10% or 15% cashback: Acba Leasing’s offer for businesses

In Armenia, green investments are gradually becoming not an alternative, but a strategic choice.

Maximum insurance compensation limits in Armenia’s compulsory motor third-party liability insurance (CMTPLI) system will increase starting April 1

Amendments to the rules of the compulsory motor third-party liability insurance (CMTPLI) system will come into effect in Armenia on April 1, 2026, providing for an increase in maximum insurance payout limits, according to the Bureau of Motor Insurers of Armenia.

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

Let’s Talk Smart About Money: Armenia to Host Global Money Week 2026

The international information campaign "Global Money Week 2026" (GMW2026) will be held in Armenia from March 16 to 22, 2026.

LATEST NEWS

spot_imgspot_imgspot_img