May 27, 2009 - 14:53 AMT
Anelik transfer system drop expected by yearend
By the end of the year a drop in Anelik transfer system is expected.

"Anelik Bank is a bank with its own money transfer system, which functions in more than 200 banks in 100 countries," Anelik Bank President Aram Mkrtchyan said in an interview with PanARMENIAN.Net.

"It's natural that the crisis affected the bank's activities," he said.

"Anelik system functions in many former socialist and Western European countries. Due to the crisis consequences, we expect 10-30% drop by the end of the current year. Besides, some banking processes were frozen, as a result of panic-stricken population," Mr. Mkrtchyan said.

  • Full text of the interview