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

Reverse mortgages for pensioners and new property rights for spouses are being introduced in Armenia

At its session on Thursday, the National Assembly of Armenia adopted in the first reading amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

”Do not trust your eyes’’: IDBank warns about fraud using deepfakes

A new, extremely dangerous type of fraud has spread in Armenia, in which fraudsters use artificial intelligence to copy the appearance and voice of your relatives, friends, or colleagues.

Yerevan’s budget revenues exceeded targets by 9.7% for the first five months

As of May 31, 2026, Yerevan's budget revenues totaled 40.3 billion drams, compared to the planned 36.4 billion drams for January-May, reported David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Armenia records an influx of capital and growing interest from international investors – Central Bank head

Armenia is experiencing a significant influx of capital and growing interest from international investors, said Martin Galstyan, Chairman of the Central Bank of Armenia.

Central Bank of Armenia maintains the refinancing rate at 6.5% for the fifth consecutive time

At its meeting on June 16, the Central Bank's Board left the refinancing rate unchanged at 6.5% for the fifth consecutive time, the regulator's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img