The Central Bank of Armenia (CBA) has approved participation of Anelik Bank in Avers and Sigue Money Transfer systems. The CBA press service has told ArmInfo that the relevant decision was taken at the March 25 meeting of the CBA Council.
To recall, Anelik Bank is working under Anelik money transfer system, as well as under MoneyGram and Intel Express. The sole owner of Anelik Bank is Credit Bank S.A.L. (Lebanon), which increased its stake from 89.95% to 100% in Q4 2013.
To note, from its inception in 1996, the Sigue family of companies has been dedicated to providing excellence in money transfer services from the United States to Mexico. Through a series of acquisitions, culminating in its largest and most recent acquisition in 2011, Sigue today is the largest privately held global provider of remittance services and one of the top five companies in the money transfer industry. Sigue, as a leading global money transfer company, now has operations in over 145 countries. The company has offices in 15 countries and operational centers in the United States, Mexico and India.