OREANDA-NEWS. December 17, 2013. State Savings Bank of Tajikistan “Amonatbonk” became a member of IBA-EXPRESS money transfer system of IBA-Moscow Bank.

According to the International Bank of Azerbaijan (IBA) OJSC, today the largest bank of Tajikistan “Amonatbonk” has a large branch network all over the territory of the country. The Bank includes 5 regional, 70 city and district departments, as well as 507 agencies.

Transaction corridor Russia – Tajikistan is one of the largest corridors in CIS countries by volume of money transfers. According to the Bank of Russia, only in 2012 the volume of transfers from Russia to Tajikistan exceeded \\$3,634 million that made up 48% of Tajikistan GDP. “Commencement of our cooperation with Amonatbonk is a strategically important step in formation and development of IBA-EXPRESS system. Interaction with the largest service network in Tajikistan will allow IBA-EXPRESS to offer representatives of Tajik diaspora in Russia the maximum wide network of payments in the country and to provide step-by-step access to the money transfer system”, - the Bank informs.

IBA-EXPRESS transfers are made in addressless format. Money transfer can be received in any system station in the country indicated during transfer registration. Client rate makes up 1.5% from the whole amount of the transfer.

By joining IBA-EXPRESS money transfer system Amonatbonk not only extended the list of its own retail services, but also increased the level of its social mission providing the citizens of Tajikistan working in Russian with the possibility to transfer money to their relatives in a secure and reliable way.