Mon, 23 February
8.1 C
Yerevan
USD: 376.97 RUB: 4.91 EUR: 444.71 GEL: 140.91 GBP: 509.10

Armenian Converse Bank to open new branches in Kapan

YEREVAN, October 13. /ARKA/. Converse Bank will open two branches – PostBank Kapan 01 and Kapan – in Syunik province on Friday, the bank’s press office reports.

PostBank Kapan 01 will provide postal and banking services, and Kapan will provide all the services of Converse Bank to legal entities and individuals.

Armenian President Serzh Sargsyan, cabinet ministers, the Chairman of the Central Bank of Armenia Arthur Javadyan, Syunik Governor Suren Khachatryan and other high-ranking officials will attend the opening ceremony.

The Converse Bank CJSC was established in 1993.

Eduardo Eurnekian, Argentine entrepreneur of Armenian descent, holds 95% of the bank’s shares, and the remaining 5% belong to Armenian Apostolic Church.

The Converse Bank has 25 branches with 554 personnel in 13 cities in Armenia.

Under the agreement signed between Converse Bank and Haypost, deposit accounts will be opened, currencies exchanged, cash transaction and money transfers operated and debtor plastic cards served.-0—

spot_img

POPULAR

Armenia is discussing the possibility of providing loans to taxi drivers with transparent incomes

Minister of Economy Gevorg Papoyan announced that he has initiated discussions on providing loans to taxi drivers with transparent incomes.

The credit and leasing portfolio of Armenian credit institutions in 2025 amounted to 659.7 billion drams

The total credit and leasing portfolio of Armenian credit institutions as of December 31, 2025, amounted to 659.7 billion drams, an increase of 13.96% compared to the same period in 2024.

Head of the Union of Banks of Armenia named the riskiest lending sectors

Daniel Azatyan, the head of the Union of Banks of Armenia, identified mortgage and consumer lending as areas that require attention in the context of the risk of credit market overheating.

Ranking of most profitable credit institutions in Armenia by the end of 2025

ARKA News Agency has published a ranking of the most profitable credit institutions in Armenia for 2025.

Two-thirds of Armenia’s January inflation was driven by rising food and soft drink prices – WB

Two-thirds of the inflation was driven by a 5.9% increase in food and soft drink prices, according to the World Bank's "Armenia Monthly Economic Update – February 2026."

LATEST NEWS

spot_imgspot_imgspot_img