Anelik Bank joins Sigue Money Transfer system

YEREVAN, September 2. / ARKA /. Armenia-based Anelik Bank said today it has joined the Sigue Money Transfer system, formerly known as CoinStar.

The bank’s customers in more than 100 countries will be able to send and receive remittances without account opening. The lowest commission is 1.3% of the remitted amount. Money transfers from Armenia may be made in US dollars and euros, and received also in Russian rubles.

Astkhik Martirosyan, a bank press officer, was quoted as saying in a press release that the bank’s clients are actively using money transfer systems, and the bank is trying to provide them with the widest choice of services.

She said Sigue Money Transfer is the fourth money transfer system the bank has joined this year. The bank’s partners in this area are IntelExpres, Tandem Transfers, Avers, Anelik and MoneyGram “systems.

Anelik bank is owned fully by Lebanese CreditBank.  As of June 30 the bank’s assets stood at 69.2 billion drams, a 15.3 percent surge from the beginning of the year. Its liabilities stood at 56.9 billion drams (a 21.3% rise), the capital was worth 12.3 billion drams (a decline of 6.2%) and its credit investments were 47 billion. drams (a 21.9% growth).  ($ 1 – 411.26 drams). -0

spot_img

POPULAR

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

Armenia has benefited from capital transit, but its origins pose reputational risks – Tavadyan

The report of the Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) on Armenia documented the country's progress in developing its anti-money laundering and counter-terrorist financing systems, but identified insufficient effectiveness in investigations, prosecutions, and confiscation of criminal assets, as well as the need for stronger oversight in several economic sectors.

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, determined on the Armenian foreign exchange market as of July 15, 2026, rose by 0.51 points compared to July 14, reaching 367.25 drams.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

LATEST NEWS

spot_imgspot_imgspot_img