Tue, 8 July
26.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

Armen Ter-Tachatyan appointed new chairman of Conversebank

YEREVAN, June 15. /ARKA/. By the decision of the board of Conversebank, Armen Ter-Tachatyan is appointed new chairman of the board.

According to the press-release, Ex-Chairman of the Board Juan Pablo Gechidjian left the given post by his own initiative staying the member of the board.

Changes in the management of Conversebank are recorded by CBA.

Ter-Tachatyan and Gechidjian are members of the board of Conversebank since 2007 and occupied the post of the chairman in different times.

Conversebank cjsc was registered on December 20, 1993. From February 2007 Argentinean entrepreneur of Armenian origin Eduardo Ernekyan became its owner with the share of 95%. The remaining 5% belongs to Armenian Apostolic Church.

According to the data of “ARKA”, as of March 31, 2011 the assets of the bank were about 88.3 billion drams, liabilities – about 71.5 billion drams, total capital of the bank – 16.7 billion drams, credit investments – over 41 billion drams, liabilities to the clients – 54.8 billion drams, net income in 2011 – 335.3 million drams.

As of December 31 Conversebank has 28 branches. -0-

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

LATEST NEWS

spot_imgspot_imgspot_img