Converse Bank announces super chance with MasterCard special offer

YEREVAN, February 16, /ARKA/. Armenian Converse Bank in cooperation with MasterCard international payment system has announced the launch of a special offer called ‘Super Chance with MasterCard”, that will run from February 15 through July 15.

The bank’s press office told ARKA that within the frameworks of the offer MasterCards debit and credit cards /Cirrus/Maestro and MasterCard Standard/ as well as /MasterCard Standard and Gold/ respectively will be issued on condition of no service charge in the next six months. It said the goal of the special offer is to stimulate use of MasterCard’s credit cards.

The special offer applies also to holders of VISA and ArCa cards, who would like to get also MasterCard. A special draw will be held among 300 card holders with the largest turnover at the end of the offer.

Converse Bank was registered in 1993. Some 95% of its shares are owned by an Argentinean Armenian businessman Eduardo Eurnekian, the remaining 5% is owned by Armenian Apostolic Church. According to ARKA’s data, at the end of 2009 the bank’s assets totaled 78.9 billion Drams, liabilities-66.8 billion Drams, the aggregate capital- 12.1 billion Drams, credit investments – about 41 billion Drams, liabilities to customers stood at 55.2 billion Drams. Its net profits totaled 1.2 billion Drams.  -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

Non-resident investment in dram bonds in Armenia has nearly doubled, Central Bank Board Member

A rather interesting picture of increased foreign investment is emerging in Armenia's capital market, said Armen Ktoyan, a member of the Board of the Central Bank of Armenia, in an interview with CivilNet.

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

Converse Bank Completes the Placement of EBRD Bonds

Converse Bank acted as the EBRD's key partner throughout the transaction, arranging the bond issuance and the guaranteed placement of the bonds

Institutional Trust and Portfolio Diversification: Renshin LLC Bonds Debut on the AMX

A major milestone in the institutional alignment of Armenia’s financial and real sectors was recorded on July 8, as bonds issued by Renshin LLC—a leading real estate developer—were officially listed on the Armenian Securities Exchange (AMX).

LATEST NEWS

spot_imgspot_imgspot_img