Armenian Ardshininvestbank joins new money transfer Avers system

YEREVAN, January 16. /ARKA/. Ardshininvestbank started servicing a news system of international money transfers – AVERS, the bank’s press service told ARKA Agency.

The system gives an opportunity to sent money to CIS countries in US dollars, euros and Russian rubles, according to the report. The commission fee for the transfer is 1.3% of the amount to be transferred and is paid by sender alone. The amount can be received immediately after the transfer is made.

Ardshinivestbank started using the new AVERS money transfer system to provide its clients an opportunity of quick and affordable transfers, under best terms, head of retail business of Ardshininvestbank Karapet Gevorgyan said, according to the report.

AVERS, like the other 6 wire transfer systems used by the bank (MoneyGram, Coinstar, IntelExpress, Unistream, Ria, Bistraya Pochta) is accessible in all the branches of Ardshinivestbank, says the report.

Ardshininvestbank closed joint stock company receive a banking license on February 32, 2003. The bank has 49 branches in Armenia, 6 branches in Nagorno-Karabakh Republic and a rep office in Paris. ($1=405.52drams).–0–

spot_img

POPULAR

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img