Inecobank joins avers money transfer system

YEREVAN, June 11. /ARKA/. Inecobank joined AVERS money transfer system on June 10, the bank’s press office told ARKA News Agency today.

AVERS has 95,000 operating points in 81 countries, including Russia and other CIS countries, the United States, the United Kingdom, the Czech Republic, China, Spain, Israel and Switzerland.
Instant transfers are operated in Russian rubles, U.S. dollars and euros. Money can be sent directly to banking or card account of recipients.

Recipients can take their money without visiting the bank, just via Inecotransfer service from card accounts opened in Inecobank.

“Inecobank provide its clients with an opportunity to operate simple and available money transfers to various destinations via cooperation with large international money transfer systems in Armenia, such as Bystraya Pochta, Unistream, MoneyGram, Intel Express and Inter Express,” the press office says.

Inecobank was founded in 1996. Its goal is to foster development of the private sector through partnership with micro, small and medium companies and individuals.

Inecobank cooperates with more than 25 international financial organizations, such as the International Finance Corporation, Germany’s DEG, the European Bank for Development and Reconstruction and the Asian Development Bank. ($1 – AMD 411.94). —0—

spot_img

POPULAR

Record growth of Armenia’s reserves to $6.9 billion in June provided a buffer amid heightened geopolitical risks – S&P

Armenia's international reserves increased by approximately 40% year-on-year to a record $6.9 billion in June 2026, helping to strengthen the country's external reserves despite heightened geopolitical risks, according to a report by international rating agency S&P Global Ratings.

A unique greenhouse complex opened in Armenia

A unique greenhouse complex for tomato cultivation, equipped with artificial intelligence, robotics, and the latest technologies, has officially opened in the village of Nor Yedesia in the Aragatsotn region, according to the press service of Acba Bank.

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

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