Converse Bank and Asia Alliance Bank Launch Strategic Partnership

YEREVAN, October 23. /ARKA/. Converse Bank (Armenia) and Asia Alliance Bank (Uzbekistan) have officially launched a strategic partnership. On October 21, in Vienna, the parties signed two key agreements: one on the opening and management of international correspondent accounts, and another on cooperation in foreign exchange and money markets.

The signing ceremony took place during the 50th Jubilee Conference of BACEE, where Converse Bank served as a Diamond Sponsor. The event served as a bridge uniting representatives of banking systems from across the globe, bringing together financial leaders to discuss industry development prospects and establish new partnerships.

 Converse Bank noted that this cooperation aims to expand its international partnership network and enhance client access to global financial markets.

Grant Akopian, Deputy CEO and Chief Financial Officer of Converse Bank, stated: “We are confident that this partnership with Asia Alliance Bank will not only create new opportunities for the clients of both institutions but also contribute to strengthening Converse Bank’s integration into international financial markets and consolidating its leading position.”

The Bank also noted that over the past year, as part of its ongoing strategy to expand international cooperation, Converse Bank has signed similar agreements with several other leading financial institutions.

spot_img

POPULAR

EBRD invested €3 billion in Armenia through 245 projects – Falcetti

The European Bank for Reconstruction and Development (EBRD) is one of the leading institutional investors in Armenia, and to date has invested over €3 billion in Armenia through 245 projects, 85% of which are in the private sector.

The average exchange rate of the Armenian dram to the US dollar in April was 4.2% lower than a year ago

In April 2026, the average exchange rate of the Armenian dram to the US dollar was 374.2 drams, compared to 390.7 drams in April 2025, according to data from the Statistical Committee.

Central Bank of Armenia is discussing the creation of a guarantee fund for small business lending with the Ministry of Economy and the World...

The Central Bank of Armenia, together with the Ministry of Economy and partners from the World Bank, is discussing a mechanism for providing partial guarantees for small and micro businesses through a special guarantee fund.

AMX held government bond placement and redemption auctions worth 35 billion drams

On May 12, the Armenia Securities Exchange (AMX) held a government bond placement auction worth 30 billion drams and a government bond redemption auction worth 5 billion drams.

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img