In Jan-Sept 2014 Areximbank-Gazprombank Group registered 63% growth in foreign exchange transfers through SWIFT.
The press service of the bank reports that incoming transfers grew by 35%, while outgoing ones grew by 78%.
Most of the transfers come and go to Russia, the United States and the UAE.
Areximbank-Gazprombank Group also transfers money through MONEYGRAM, ANELIK, BYSTRAYA POCHTA, UNISTREAM, AVERS, INTELEXPRESS, SIGUE MONEY TRANSFER , RIA MONEY TRANSFER. It also transfers money from Russia to Armenia through Gazprom-Express and between Russia and Armenia through ATMs by means of two international cards attached to one card account.
In Nov 2007 Gazprombank bought a 80% stake in Areximbank. In July 2008 it increased the stake to 94.15% and in Sept 2008 bought from Raiffeisenbank the remaining 5.85%. So, now it holds 100% of Areximbank-Gazpromgroup Bank's shares.
SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. More than 10,500 banking organizations, securities institutions and corporate customers in 215 countries trust it every day to exchange millions of standardized financial messages.