Converse Bank Receives BACEE Award for International Banking Cooperation at 50th Jubilee Conference

YEREVAN, October 22. /ARKA/. Converse Bank has been awarded the BACEE Award for International Banking Co-operation during the 50th Jubilee Conference of the Banking Association for Central and Eastern Europe (BACEE).

The award was presented in recognition of Converse Bank’s exceptional and consistent cooperation with BACEE, its commitment to ensuring financial stability, and the successful integration of international best practices into its operations. The Bank was also acknowledged for its efforts in advancing correspondent banking relations, active participation in trade finance initiatives, and engagement in regional multilateral projects

Mr. Andranik Grigoryan, CEO of Converse Bank, commented on the award:
“We are deeply honored to receive this prestigious recognition from BACEE. This award is a testament to our Bank’s consistent efforts in expanding international cooperation, promoting sustainable financial development, and supporting the growth of international trade. We are confident that through the joint efforts of BACEE and its member financial institutions, we will not only be able to overcome the current challenges in the industry, but also achieve sustainable growth, strengthen regional collaboration, and advance the use of digitalization and AI technologies.”

The 50th anniversary conference of BACEE took place on October 20–21 in Vienna, where Converse Bank was the Diamond Sponsor of the event.-0-

spot_img

POPULAR

Armenia to Receive $200 Million from the World Bank to Develop a Sustainable and Competitive Economy

Armenia will receive $200 million (€170.3 million) from the World Bank to support its transition to a more competitive, globally integrated economy with responsible emissions management.

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 March 31, 2026, decreased by 0.38 points compared to March 30, to 377.16 drams.

Mher Grigoryan considers ADB’s participation in key projects for Armenia important

Armenian Deputy Prime Minister Mher Grigoryan and Asian Development Bank (ADB) Regional Managing Director Leah Gutierrez discussed the implementation of joint programs.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

Acba Group invested $45 million in the creation of an AI factory

To spur the development of artificial intelligence infrastructure in Armenia, Acba Bank and Amundi-Acba Asset Management have invested a total of $45 million in Firebird to establish an AI factory and data center.

LATEST NEWS

spot_imgspot_imgspot_img