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"BANK ANELIK" BECOMES SERIOUS COMPETITOR FOR WESTERN UNION AND MONEYGRAM

JANUARY 24. In 2001 the turnover of private transfers through the system of money transfers of the "Anelik" bank made $155 mln, which is twice as much as the last year's showing. As the chairman of the board of the Armenian "Anelik Bank", which is the founder of the system of the same name, Samvel Chzmachian informed in the talk with an ARMINFO correspondent, the circumstance that tendency of sharp growth of international forming system "Anelik" is observed lately, attracts special attention. Thus, out of the total turnover of means the $75 mln are not connected with the transfers of money tp Armenia or from Armenia. The banker thinks that it speaks not so much about the insufficiency of the Armenian market, as it was initially concentrated on serving the Armenian diaspora abroad, but about the successful expansion of geography and development of infrastructures of the system of transfers of the "Anelik". Today over 100 banks in 1,000 towns of 46 countries of the world work by the system "Anelik", Its branch in Moscow has been elected the center of banks working through the Anelik system. Among these countries - Russia, USA, Kazakhstan, Ukraine, Czech Republic, Netherlands, Great Britain, Belgium, South Africa, Tanzania, Morocco, Mexico, Argentina, Bolivia, Peru, Uruguay and so on. This year the geography of the system, based on the banking transfers of the US dollars without opening accounts will be widened and will involve 70 countries. Chzmachian expressed hope that the share of the international forming system in the nearest years will reach 70% level. Moreover, works are being carried out on regulation of the system of transfers in Russian roubles, which will except the losses of sum of clients during their conversion. Today the Anelik system makes serious competition in the markets of CIS for such international systems of transfer of means as the Western Union and MoneyGram. He expressed confidence that some reduction of commissions in these systems in the territory of CIS was directly connected with the competitive system "Anelik", the interests commissions on transfers of which, independently on the transferring sum, does not exceed 3%.