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

Ranking of Armenia’s Largest Credit Institutions by Total Capital in H1 2026

ARKA News Agency publishes a ranking of Armenia's largest credit institutions by total capital for the first half of 2026.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 1.03 points on August 4, 2026, compared to August 3, to 367.01 drams.

Assets of Armenian credit institutions exceeded 905 billion drams in the first half of the year, up 5.12% from the beginning of the year

The total assets of Armenia's credit institutions as of June 30, 2026, amounted to 905.17 billion drams, an increase of 2.58% compared to March 31, 2026, and a 5.12% increase from the beginning of the year.

Net inflow of remittances to Armenia from abroad increased approximately 2.3-fold in the first half of the year

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.38 billion in January-June 2026, compared to $587.6 million in January-June 2025, according to a report from the Central Bank of the Republic.

Capital of Armenian credit institutions increased by 2.82% in the first half of 2026 compared to the beginning of the year, exceeding 467 billion...

The total capital of Armenian credit institutions in the first half of 2026 amounted to 467.14 billion drams, an increase of 1.99% compared to the end of the first quarter and 2.82% compared to the beginning of the current year.

LATEST NEWS

spot_imgspot_imgspot_img