May 22, 2009 - 23:12 AMT
BTA Bank to join MONEY GRAM international payment system
The Central Bank of Armenia permitted BTA Bank CJSC to join MONEY GRAM international payment system.

The decision was taken during the sitting of the CBA Board presided over by CBA Chairman Artur Javadyan on Friday.

BTA Bank CJSC is a strategic partner of one of Kazakhstan's biggest banks - BTA Bank JSC which holds 49% of shares in the authorized capital of BTA Bank.

The other shareholders of the banks are company ZRL (31.1%) and Kazakh-Armenian company MOBILEX (16.2%).

Currently, the bank implements transfers through Faster, Migom and CONTACT payment systems, the CB press office reported.