Thu, 23 October
15.1 C
Yerevan
USD: 382.54 RUB: 4.70 EUR: 443.29 GEL: 140.81 GBP: 510.19

Armenian Converse Bank intends to increase number of plastic cards 20% by end of this year

YEREVAN, March 15. /ARKA/. Armenian Converse Bank intends to increase the number of plastic cards at least by 20% by the end of this year, Tigran Davtyan, the bank’s executive director, said Monday at a news conference.

“The number of the active cards issued by the Converse Bank is 50,000 now,” he said. “We plans to increase the number of cards, also including the issue of Master

Card Woman’s Card, at least by 5,000. But that’s not enough. The number of cards will grow at least by 20% by the end of this year.”

Converse Bank issued recently

Master Card WOMAN`S CARD on the occasion on women’s holidays.

Cardholders will enjoy special discounts in more than 160 trade outlets, beauty salons as well as medical and spa centers.

Davtyan said that the bank is among leaders in Armenian banking system on salary projects. It cooperates with employers in Armenia.

He said that salary cards constitute 30% of the total number of the bank-issued cards.

Converse Bank was established in 1993.

Advanced Global Investments LLC (Argentina) holds 95% of the bank’s shares, and the remaining 5% belong to Armenian Apostolic Church.

The Converse Bank has 25 branches with more than 600 employees in 13 cities in Armenia. M.V.-0—

According to ARKA News Agency’s data, the bank’s assets totaled about AMD 89.7 billion and liabilities AMD 73.2 billion in late December 2010.

Its total capital amounted to AMD 16.4 billion and loan portfolio AMD 42.7 billion.

Converse Bank’s liabilities toward clients totaled AMD 55.7 billion and net profit for 2010 amounted to AMD 1.4 billion.

The bank has 28 branches. ($1= AMD 367.85). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img