Money Transfer Turnover Of Unibank Through Unistream Exceeds $801mln

MONEY TRANSFER TURNOVER OF UNIBANK THROUGH UNISTREAM EXCEEDS $801MLN IN 2008

ARKA
Jan 19, 2009

YEREVAN, January 19. /ARKA/. In 2008 the turnover of money transfers
of Unibank CJSC through Unistream payment system exceeded $801mln,
the bank’s press-service told ARKA News Agency. The system’s share
in Armenia’s money transfer market is over 50%.

In Armenia Unistream works through its exclusive partner Unibank which
introduces the system in 2001. Unistream is introduced in 90 countries.

Unibank was founded in 2001. It is co-owned by the Uniastrum
Asset Management Ltd (50%) and the resident company Evainvest Ltd
(50%). Unibank has 30 branches.

According to the information at ARKA’s disposal, the bank’s turnover
in Unistream payment system increased by 22.2% in 2008 against 2007.

Disclaimer: This article was contributed and translated into English by Karabekian Emil. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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