Largest Russian bank carries out money transfers to Azerbaijan’s occupied lands

So, Sberbank de facto helps Armenian diaspora to transfer money to the unrecognized “Nagorno Karabakh Republic” and helps Nagorno-Karabakh separatists.

Assets of Sberbank make up quarter of Russia's banking system and it has share of 30 percent in country’s banking capital. According to the magazine ‘The Banker’ (as of July 1, 2009), Sberbank held 38th place for volume of the fixed capital (first-level capital) among the largest banks in the world.

Hot line at the Sberbank also confirmed that the bank carries remittances to Nagorno-Karabakh.

“It is possible to carry out money transfers to Nagorno-Karabakh. The money transfer will be carried out with the help of our correspondent bank. You can get familiar with the list of correspondent banks, depending on the currency transferred, in the office of the Sberbank,” specialist at the hot line who introduced herself as Svetlana said.

Hot line specialist also said that one can transfer money to any bank in Nagorno-Karabakh via Sberbank.

“You can transfer money to any bank located in Nagorno-Karabakh. Sberbank transfers money to any area of the globe, regardless of in which republic or state it is located,” specialist at hot line Tatiana said.

While trying to explain to the specialist that Nagorno Karabakh is an inalienable part of Azerbaijan and cooperation with banks operating in Karabakh is illegal she said the following: “
I understand your concerns very well, but the transfers are carried out.”

The Sberbank official Web site states that the transfers to Nagorno-Karabakh is available in two branches of ARDSHININVESTBANK.

Azerbaijan’s Central Bank has always respond to such facts in time and has sent official letter of protest to relevant banks engaged in similar activities.

It is noticeable that systems of money transfers such as WesternUnion and Migom ceased money transfers to Nagorno-Karabakh separatists due to series of articles by Day.Az and Azerbaijani Central Bank’s intervention. Moneygram remittance system which ignored Azerbaijani Central Bank’s request was banned in Azerbaijan.

/Day.Az/