Tue, 29 April
11.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

Converse Bank introduces new services for its customers

YEREVAN, November 3, /ARKA/. Armenian Converse Bank has announced today the launch of a new service designed for its customers. The new service, called  SMS CONVERSE, enables Bank’s customers to receive full information about the amount of balance on their saving and card accounts, get information about currency exchange rates as well as to block or un-block their plastic cards by sending a short message (SMS) to the Bank.

A press release by the Bank says it is constantly upgrading its service in tune with latest IT achievements. Half a year ago it launched Internet banking service enabling its customers to handle their accounts online. Earlier the Bank introduced an unprecedented ARCA DIRECT product that enabled plastic card holders to receive information about the balance on their cards at the Bank’s branches.

According to an analysis, made by ARKA, on September 30 Converse Bank’s aggregate assets totaled some 79.5 billion Drams, liabilities stood at 64.7 billion Drams, credit investments at 41.6 billion Drams and deposits at 47.3 billion Drams. In the first nine months of 201 the Bank earned 1.5 billion Drams in net profits.

Ninety-five percent in Converse Bank is owned by an Argentinean Armenian businessman Eduardo Eurnekian and the remaining five percent by the Armenian Apostolic Church. The bank has 28 branches in 13 towns. -0-

spot_img

POPULAR

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Armenia ratifies EUR 10.1 million investment agreement with EIB on Yerevan’s Second Energy Efficiency Program

The Armenian Parliamentary Committee on Financial, Credit and Budgetary Affairs gave a positive conclusion at its meeting on Friday on the ratification of the agreement on the investment grant for the "Second Yerevan Energy Efficiency Program" in the amount of EUR 10.1 million.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

LATEST NEWS

spot_imgspot_imgspot_img