Tue, 3 February
3.1 C
Yerevan
USD: 379.03 RUB: 4.95 EUR: 449.83 GEL: 140.75 GBP: 519.38

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

EBRD invested record €426 million in Armenia in 2025

The European Bank for Reconstruction and Development (EBRD) invested a record €426 million in the Armenian economy in 2025 through 26 projects, the bank's press service reported.

Armenia’s corporate bond market grew approximately fourfold between 2018 and 2025: minister

Armenian Economy Minister Gevorg Papoyan reported that the country's corporate bond market grew more than 4.4-fold between 2018 and 2025.

Euro drops against Armenian dram while US dollar ups a little

The average market exchange rate for the US dollar to the Armenian dram on February 2, 2026, increased by 0.39 points compared to January 30, reaching 379.03 drams.

Euro ups 3.39 points against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market on January 29, 2026, increased by 0.24 points compared to January 26, reaching 379.1 drams.

Euro, USD, and ruble drop against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, as of January 29, 2026, fell by 0.46 points compared to January 29, to 378.64 drams.

LATEST NEWS

spot_imgspot_imgspot_img