The clients of five more banks from the HVB Group have been included in the FlashPayment system of money transfer enlarging the inter-bank network to a total of 19 banks in Bulgaria, Estonia, Latvia, Lithuanian, Russia and Ukraine

The clients of five more banks from the HVB Group have been included in the FlashPayment system of money transfer enlarging the inter-bank network to a total of 19 banks in Bulgaria, Estonia, Latvia, Lithuanian, Russia and Ukraine. The ultra-speed money transfers between corporate and private clients of HVB Group are now carried out within a day among the netted banks. The payments can be done in euro or in domestic currency of recipient country and transferred sums enter the beneficent account on the same day, Bulgaria's HVB Bank Biochim announced in a press release. The product FlashPyament has been introduced since May 2004 and is especially designed for the ongoing wave of enlargement of the European Union.