Converse Bank opens new branch in downtown Yerevan

YEREVAN, March 15. /ARKA/. The Yerevan-based Converse bank has officially opened today its “Yeritasardakan” branch located in Kentron administrative district of Yerevan, at 105/1 Teryan Str.
The newly opened branch will offer the full range of banking services both to private individuals and legal entities, the bank said in a news release.

However, taking into account the location of the branch, as well as the possibility of servicing here a large number of students, young scientists and teaching staff, customers will be offered primarily the products developed and introduced specially for the youth – “Create Your Credit History”, loans, card products, discount and CashBack campaigns.

Simultaneously, the Bank will regularly make interesting and advantageous offers and conduct campaigns for the youth and students, the first of which was launched a few days ago, offering the customers of the branch preferential terms for card products, mortgage, student and consumer lending, profitable deposits with high interest rate, etc.

There are a number of innovations at “Yeritasardakan” branch. Namely, the customers of Converse Club, which has been successfully operating at Converse Bank’s head office for many years, will have the opportunity to make use of the services in the same environment also at “Yeritasardakan” branch. Another innovation is the existence of a separated Cash Zone of the branch, which will be open 24 hours a day, and anyone will be able to make foreign currency trade transactions, loan repayments and other payments, replenishment and cashing of card accounts.

For details of the campaign offered to the customers of Converse Bank’s “Yeritasardakan” branch one should follow the link https://www.conversebank.am/hy/yeritasardakan/.

Converse bank’s shareholders are Advanced Global Investments LLC (80.94%), Haypost Trust Management B.V. (14.06%) and the Armenian Apostolic Church (5%). -0-

spot_img

POPULAR

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Ranking of most profitable banks in Armenia based on results of first quarter of 2026

ARKA News Agency has published a ranking of the most profitable banks in Armenia based on the results of the first quarter of 2026.

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

Armenian banks’ loan portfolio in Q1 amounted to AMD 8.01 trillion, an increase of over 22%

As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.

LATEST NEWS

spot_imgspot_imgspot_img