Central Bank of Armenia allows Converse Bank to set up and operate payment and settlement system

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YEREVAN, October 22. / ARKA /. The Central Bank of Armenia has awarded the Converse Bank a license for the establishment and operating an Armenian payment and settlement system Converse Transfer, the regulator said today.

The decision to award the license was taken by the Central Bank at a meeting on October 21.

Converse Bank is owned by an Argentinean-Armenian businessman Eduardo Eurnekyan (95 percent) and the Armenian Apostolic Church (5 percent). -0-

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