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

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.

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.

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.

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 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.

LATEST NEWS

spot_imgspot_imgspot_img