As a result of the process of capital increase started in Armenian banking system, Mellat Bank CJSC increased its share capital reaching it to AMD 23.1 billion.

“In the background of consolidation in the banking system such a step has not only progressive character but also strengthens the advance of Mellat Bank in the banking system further.

Mellat Bank, carrying out its activity in Armenian banking system for over 20 years, has been under international sanctions for years: nevertheless, not only did it not stop its activities, but also continues to provide financial services to carry out functions, expanding their number and orientation in the future.

Resumption of correspondent relations in Armenian banks is another important advance in the field of Mellat Bank’s activities.

Mellat Bank’s re- joining the SWIFT interbank financial telecommunications system is due to removal of sanctions.

SWIFT access will provide more comprehensive activity in Armenian finance and banking sphere “Banks.am was informed by the Staff of Executive Director in Mellat Bank.

It should be recalled that Banks.am talked about prospective programs of the bank with Mellat Bank CJSC Executive Director Seyed Gholamreza Mousavi.