Car loans at Converse bank are advantageous

YEREVAN, June 20. /ARKA/. Within the framework of the launched campaign, Converse Bank has significantly improved the terms of car loans, making them more advantageous.

“Within the framework of the campaign, Converse Bank has quite simplified the process of lending, making car loans accessible to more customers. Namely, the Bank offers its customers AMD loans with maturity up to 84 months (at the annual interest rate starting from 11%) with 0-10% down payment. The maximum loan amount is AMD 12 million. Pledged property insurance is not required within the framework of the campaign, and the respective decision is made in one day”, – they stated at the Bank.

It was also mentioned that no vehicle evaluation is required for lending purposes to purchase a car from the primary market. The price of the car at which it is sold by the car vendor company, as presented by the customer, is considered as the collateral value.

The campaign is valid until August 31. For details, please follow the link https://conversebank.am/hy/actionmobil/.

Converse Bank was registered on December 20, 1993. Its shareholders are Advanced Global Investments LLC (Argentina) – 80.94%, the Armenian Apostolic Church – 5% and the HayPost Trust Management B.V. Company, Armenia’s national postal operator – 14.06%. -0—

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (May 4-10)

The week in the Armenian financial market was influenced by decisions and statements by the Central Bank, updated macroeconomic data, and capital market activity.

Net inflow of remittances to Armenia from abroad increased by approximately 3.2 times in the first quarter

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $458.2 million in January-March 2026, compared to $143.7 million in January-March 2025, according to a report from the Central Bank.

Unibank was a partner of the international forum “Yerevan Dialogue”

“Yerevan Dialogue 2026” forum held on May 5–6 brought together senior government representatives, private sector leaders, NGOs, academics, youth, and other stakeholders in the immediate aftermath of the European Political Community Summit in Yerevan.

FINTECH360 International Conference Held in Armenia

The international FINTECH360 conference took place in Yerevan, bringing together around 500 participants from more than 30 countries, including the United States, United Kingdom, France, Germany, Switzerland, Cyprus, Latvia, Luxembourg, Romania, UAE, India, Russia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Moldova, Uzbekistan, Georgia, and others.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of May 11, 2026, decreased by 0.05 points compared to May 8, to 368.96 drams.

LATEST NEWS

spot_imgspot_imgspot_img