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

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

Fitch Ratings affirmed Armenia’s rating at ‘BB-‘, maintaining a positive outlook

International rating agency Fitch Ratings has affirmed Armenia's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook.

A young couple created a “honey planet” in Garni

Three years ago, young spouses Narek Sargsyan and Ruzanna Danielyan created their own "honey planet" in Garni—Bee Planet.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

Fitch Expects Central Bank of Armenia to Raise Refinancing Rate

International rating agency Fitch Ratings expects a temporary increase in the refinancing rate in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img