Converse Bank will fund the work connected with opening of Argentine Center in Yerevan

YEREVAN, November 13. /ARKA/. Converse Bank said today it will fund the work connected with opening of the Argentine Center at Yerevan State University of Languages and Social Sciences after Valery Brusov. A memorandum of cooperation has been signed for this purpose.

According to the memorandum, Converse Bank has undertaken to pay the costs of renovation, equipping and furnishing the classroom intended for establishment of the Argentine Center. Participation in projects aimed at shaping, development, and promotion of educational environment is one of the most important directions of Converse Bank’s corporate social responsibility.

Establishment of the Argentine Center at Yerevan State University of Languages and Social Sciences after Valery Brusov is another undertaking funded by Converse Bank, aimed at improving the quality of education and conditions for education at the University, and strengthening the Armenian-Argentine intercultural relations”, said Artur Hakobyan, Chief Executive Officer of Converse Bank.

In particular, in 2018, with the support by Converse Bank, the All-Armenian Tournament of Young Chemists was held, the educational conditions at two schools in Gyumri were improved, as well as a contest in fintech ideas was conducted at the initiative and with support of Converse Bank within the framework of “Sevan Startup Summit 2018”.

“This is an exceptional case when an initiative aimed at strengthening of educational and intercultural relations is implemented with the support of a business structure – Converse Bank. Opening of the Argentine Center will enable the University to involve specialists invited from Argentina in the educational process, will promote development of Armenian-Argentine educational and cultural relations”, said Karine Harutyunyan, Rector of Yerevan State University of Languages and Social Sciences after Valery Brusov.

Renovation work has already started at the Argentine Center. Opening of the Center is scheduled for the beginning of next year.

Converse Bank was registered on December 20, 1993. The bank’s shareholders are Advanced Global Investments” LLC (Argentina) with 80.94%, Armenian Apostolic Church with 5% and HayPost Trust Management B.V. Company with 14.06%. -0-

spot_img

POPULAR

Corporate tax collection in Armenia has increased to 265.8 billion drams; Pashinyan announced a 5.4-fold increase since 2017

As of April 20, 2026, corporate income tax collection in Armenia amounted to 265.8 billion drams, announced RA Prime Minister Nikol Pashinyan.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 22, 2026, decreased by 0.21 points compared to April 21, to 372.38 drams.

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

Unibank will provide refunds to bona fide business clients

In light of the decision of the Central Bank of the Republic of Armenia dated April 2, 2026, to reduce risk coefficients for applications from micro, small, and medium-sized enterprises when calculating credit risk, Unibank is reviewing and improving its lending terms.

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

LATEST NEWS

spot_imgspot_imgspot_img