Capitalbank becomes agent of MoneyGram remittance system

Fri. August 15, 2008; Posted: 10:56 PM

TASHKENT, Aug 15, 2008 (Asia Pulse Data Source via COMTEX) -- WU | Quote | Chart | News | PowerRating -- Capitalbank became an agent of MoneyGram remittance system, the bank said. This is the fifth system, services of which Capitalbank will provide to its clients. The bank also offers services of Western Union, Contact, Migom and Bystraya Pochta. The bank said that money transfer services are highly demanded among population and the bank is trying to expand its relations with the remittance system and provide a wide range of services for choice. Large branch network of Capitalbank will provide opportunity for all citizens of Uzbekistan from various regions to use new service. The bank said MoneyGram is a comfortable system and the minimal fee for money transfer is US$5. The citizens of Uzbekistan can send up to US$5,000 per day to abroad, while the limit for non-residents set at the level of US$9,099 per day. Capitalbank joint-stock commercial bank founded on 7 April 2991 and its is one of the largest private banks in Uzbekistan. MoneyGram's legacy dates back to 1940, when a small money order company under the name Travelers Express opened up in Minneapolis, Minn. Since then, Travelers Express grew to become MoneyGram International, and now offers a wide variety of payment and financial services to a global market. MoneyGram has more than 152,000 locations in 180 countries and territories, allowing us to economically and efficiently move money around the world, or close to home.

For full details on Moneygram International (MGI) click here. Moneygram International (MGI) has Short Term PowerRatings of 1. Details on Moneygram International (MGI) Short Term PowerRatings is available at This Link.

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