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Armenian Converse Bank announces new offer for underage children’s parents

YEREVAN, June 1. /ARKA/. Armenian Converse Bank has announced a mortgage loan offer called Happy Parent on the occasion of the International Child Protection Day, the bank’s press office reported on Wednesday.

The offer will be in force from June 1 to Dec 25, 2011.

The bank offers mortgage loans to parents of underage children. The loans will be extended in U.S. dollars at 11% annual interest rate for up to 15 years with 20% prepayment.

The Converse Bank has also surprises for borrowers.

The bank’s another program for young families, Apartments for Young People, is effective now. There is also a special deposit called Baby among the bank’s offers.

The Converse Bank CJSC was established in 1993. Advanced Global Investments LLC holds 95% of the bank’s shares, and the remaining 5% belong to Armenian Apostolic Church.

The Converse Bank has 28 branches with 600 employees in 13 cities in Armenia. Two of these branches provide postal and banking services. ($1= AMD 376.78). -0-

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