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

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 25-31) 

The week in Armenia's financial market was influenced by the Central Bank's signals on financial stability, credit risks, and banking sector profitability. Capital market development and client protection issues were also in focus.

Acba Bank summarized 2025 results with impressive figures

At its annual general meeting of shareholders, Acba Bank summarized the results of 2025 with impressive figures and set new targets for the current year.

Net inflow of remittances to Armenia from abroad increased approximately 2.7-fold in four months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $728.1 million in January-April 2026, compared to $273.4 million in January-April 2025, according to a report from the Central Bank.

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

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 2, 2026, increased by 0.18 points compared to June 1, reaching 368.53 drams.

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img