Wed, 11 June
17.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Converse Bank replenishes its total regulatory capital

YEREVAN, December 28. /ARKA/. Converse Bank’s statutory capital has been replenished by AMD 2,429,400,000. Currently, the total regulatory capital of the Bank amounts to AMD 31.9 billion, exceeding the minimum regulatory threshold.

As a result of closed placement of the additionally issued shares, HayPost Trust Management B. V. Company purchased 7,693 common shares and became participant in the Bank’s statutory capital with 14.06%.

HayPost Trust Management B. V. Company is a company of the group managed by Eduardo Eurnekian. To maintain 5% proportion of participation by Mother See of Holy Etchmiadzin in the Bank’s statutory capital, the Church purchased 405 additionally issued shares.

It should be mentioned that this is the second stage of replenishment of the Bank’s total regulatory capital. In September, the Bank’s principal majority shareholder – “Advanced Global Investments”, increased the Bank’s statutory capital by AMD 6.6 billion, and the Armenian Apostolic Church – by AMD 0.4 billion.

The bank’s assets totaled AMD 173.6 billion in Jan-Sept 2016 showing a 9.3% year-on-year growth and liabilities AMD 143.4 billion (3.8% growth). Its capital amounted to AMD 30.2 billion (46% growth).

Converse Bank earned AMD 1.7 billion in the third quarter of this year.

Converse Bank was registered on December 20, 1993.

In February 2007, Eduardo Eurnekian, Argentine entrepreneur of Armenian descent, bought 95% of the bank’s shares.

The remaining 5% belong to Armenian Apostolic Church. ($1- AMD 483.58). –0—

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

Dollar and euro exchange rates to the Armenian dram fell again, while the ruble rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 4, 2025, fell again by 0.1 points compared to June 3 and amounted to 383.76 drams.

AMX introduces remote membership model, opening doors to international investors

The Armenia Securities Exchange (AMX) and the Central Depository have introduced a Remote Membership model, which is aimed at providing access to foreign investors to the Armenia Securities Exchange, the press service of the exchange reported.

LATEST NEWS

spot_imgspot_imgspot_img