Armenian Conversebank announces Garun deposit campaign

YEREVAN, March 10, /ARKA/. Armenian Conversebank announced a new deposit campaign, inviting all women to invest their savings in Converse Bank as a deposit Garun (Spring) with exceptional terms.

Thus the minimum deposit amount is 50,000 Drams. Annual interest rates for AMD deposits with interest payments at maturity are 10 % for 6 months, 11% for 9 months and as much for 12 and 18 months.

Moreover, all women will be provided free VISA CLASSIC cards with photo without annual service fee, with credit limit in 100% of deposit amount by the end of validity date of the deposit agreement. Conversebank is owned by the Advanced Global Investments (95%), the remaining 5% is owned by Armenian Apostolic Church.  -0-

spot_img

POPULAR

Demand and potential economic problems: head of the Central Bank of Armenia named the reason for the rate hike and the conditions for its...

The decision of the Board of the Central Bank of Armenia to raise the refinancing rate was primarily due to excessive demand factors, Central Bank Governor Martin Galstyan stated in response to a question from ARKA news agency.

Euro, dollar, and ruble exchange rates against the Armenian dram have increased: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.9 points on September 15, 2026, compared to September 14, to 364.18 drams.

Risk premium on Armenian Eurobonds has decreased to approximately 170 bps – Central Bank Governor

The risk premium on Armenian Eurobonds has decreased to approximately 170 bps, Central Bank Governor Martin Galstyan stated yesterday at a press conference, responding to a question from ARKA news agency.

Significant inflows of transfers and capital to Armenia boosted reserves to a record $6.5 billion in August – WB

Thanks to significant remittance and capital inflows, gross reserves in Armenia rose to a record $6.5 billion in August, equivalent to 4.3 months of import coverage, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

Armenia’s sovereign rating increase should lower interest rates, but external factors are putting inflationary pressure on the country: Pashinyan

During government hour in parliament on Wednesday, Armenian Prime Minister Nikol Pashinyan raised the possibility of raising interest rates on loans.

LATEST NEWS

spot_imgspot_imgspot_img