Wed, 5 November
11.1 C
Yerevan
USD: 382.57 RUB: 4.70 EUR: 439.34 GEL: 141.24 GBP: 498.34

Converse Bank and Kapitalbank sign cooperation agreement at Sibos 2024

YEREVAN, October 22. /ARKA/. ‘We are happy to announce that Converse Bank “PJSC” has signed a framework agreement with the Uzbek JSCB Kapitalbank during the Sibos 2024 international conference, held in Beijing,’ the bank said in a press release today.

‘This is an important step for both Converse Bank and its partners, representing a significant document aimed at expanding international cooperation in key areas:

  • Financing of foreign trade transactions, and support for clients in export and import matters;
  • Cooperation in financial markets, including joint operations in currency and money markets.

With this partnership, the Bank expands its international network of partnerships, providing its clients with new opportunities for business growth and success.

“Thanks to reforms, Uzbekistan’s economy is demonstrating impressive growth, attracting foreign investment and advancing key sectors. Kapitalbank is a driving force of transformation in the country and one of its market leaders. With this new collaboration, Kapitalbank becomes a strategic partner of Converse Bank, not only in Uzbekistan but across Central Asia,” said,Grant Akopian, Chief Financial Officer, Deputy CEO at Converse Bank, expressing gratitude to all supporters.

It is worth noting that Sibos 2024 is the annual meeting of the SWIFT international system, taking place from October 21-24 in Beijing.’-0-

spot_img

POPULAR

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img