Tue, 13 January
5.1 C
Yerevan
USD: 380.83 RUB: 4.83 EUR: 444.28 GEL: 141.25 GBP: 512.94

Anelik Bank cuts commissions for money transfers

YEREVAN, November 1. / ARKA /. Armenia-based nelik Bank has lowered commissions for money transfers in U.S. dollars, euros and Russian rubles made through Anelik system 2-3 times – from  2-3% to 0.5-0.9%, depending on the currency.

The special offer is effective from November 1 until March 1, 2014, the bank told ARKA.

Anelik Bank  CEO, Nerses Karamnukyan , was quoted as saying in a press release that Anelik  money transfer system, the first in Armenia,  has been operating for 15 years in 100 countries.

“I am confident that such a drastic reduction of commission will help popularize Anelik system both in Armenia and beyond it ,”  he said.

Anelik Bank was established in 1990. It is now owned fully by Lebanese Credit Bank SAL. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net inflow of remittances to Armenia from abroad increased by 17.9% in the first 11 months of 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.32 billion in January-November 2025, compared to $1.12 billion in January-November 2024, according to a report from the Central Bank.

Procedure and conditions for providing cashback on transactions with ArCa cards

Starting January 1, Armenia introduced a 2% cashback system for non-cash payments made with ArCa payment system cards.

Armenia’s financial system in December 2025: interest rate declines, lending grows

In December 2025, Armenia's financial market was characterized by a combination of moderate monetary easing, continued high growth rates in bank lending, and the continued development of capital market instruments.

LATEST NEWS

spot_imgspot_imgspot_img