{"id":104669,"date":"2016-12-28T14:46:19","date_gmt":"2016-12-28T14:46:19","guid":{"rendered":"https:\/\/armbanks.am\/2016\/12\/28\/245727\/"},"modified":"2024-12-15T13:27:14","modified_gmt":"2024-12-15T13:27:14","slug":"converse-bank-replenishes-its-total-regulatory-capital","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2016\/12\/28\/104669\/","title":{"rendered":"Converse Bank replenishes its total regulatory capital"},"content":{"rendered":"<p><strong>YEREVAN, December 28. \/ARKA\/.<\/strong> Converse Bank&#8217;s statutory capital has been replenished by AMD 2,429,400,000. Currently, the total regulatory capital of the Bank amounts to AMD 31.9 billion, exceeding the minimum regulatory threshold.<\/p>\n<p>As a result of closed placement of the additionally issued shares, HayPost Trust Management B. V. Company purchased 7,693 common shares and became participant in the Bank&#8217;s statutory capital with 14.06%.<\/p>\n<p>HayPost Trust Management B. V. Company is a company of the group managed by Eduardo Eurnekian. To maintain 5% proportion of participation by Mother See of Holy Etchmiadzin in the Bank&#8217;s statutory capital, the Church purchased 405 additionally issued shares.<\/p>\n<p>It should be mentioned that this is the second stage of replenishment of the Bank&#8217;s total regulatory capital. In September, the Bank&#8217;s principal majority shareholder &#8211; \u201cAdvanced Global Investments\u201d, increased the Bank&#8217;s statutory capital by AMD 6.6 billion, and the Armenian Apostolic Church &#8211; by AMD 0.4 billion.<\/p>\n<p>The bank\u2019s assets totaled AMD 173.6 billion in Jan-Sept 2016 showing a 9.3% year-on-year growth and liabilities AMD 143.4 billion (3.8% growth). Its capital amounted to AMD 30.2 billion (46% growth).<\/p>\n<p>Converse Bank earned AMD 1.7 billion in the third quarter of this year.<\/p>\n<p>Converse Bank was registered on December 20, 1993.<\/p>\n<p>In February 2007, Eduardo Eurnekian, Argentine entrepreneur of Armenian descent, bought 95% of the bank\u2019s shares.<\/p>\n<p>The remaining 5% belong to Armenian Apostolic Church. ($1- AMD 483.58). &#8211;0&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Converse Bank&#8217;s statutory capital has been replenished by AMD 2,429,400,000. Currently, the total regulatory capital of the Bank amounts to AMD 31.9 billion, exceeding the minimum regulatory threshold<\/p>\n","protected":false},"author":1,"featured_media":179801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,12491,14349,308],"class_list":{"0":"post-104669","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-converse-bank","11":"tag-regulatory-capital","12":"tag-308"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/104669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=104669"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/104669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/179801"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=104669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=104669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=104669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}