Conversebank attracts 1.2 billion drams in fresh deposits as part of Amar (summer) special offer

YEREVAN, September 15. / ARKA /. Armenian Conversebank said it had attracted 1.2 billion drams in fresh deposits after announcing a special offer called Amar (Summer) that ran from June 1 to August 31.

Deposits were accepted in Armenia’s national currency, the dram, for 12 months at 12% interest rate. The minimal amount was 200 thousand drams. The bank told ARKA that that 660 people responded to the offer.

Some 95% in Conversebank are owned by an Argentine businessman of Armenian origin, Eduardo Eurnekian. The remaining 5% belong to Armenian Apostolic Church. ($ 1 – 374.88 AMD). -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

Armenian banks’ investments in securities in the second quarter amounted to 1.92 trillion drams

The total volume of investments by Armenian commercial banks in securities as of the end of June 2026 amounted to 1,922,826,829 thousand drams.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

An Armenian Business Founded in a Garage: Games for Live Communication with the Support of Acba Bank

The success story of board games created by David Hovhannisyan began in a small garage near his home. David and his friends created educational games during their student years; as the number of orders grew, they decided to expand the business.

S&P affirms Armenia’s ratings, maintaining a positive outlook

The international rating agency S&P Global Ratings affirmed the long- and short-term sovereign ratings of the Republic of Armenia at 'BB-/B', maintaining a positive outlook, the Ministry of Finance reported.

LATEST NEWS

spot_imgspot_imgspot_img