Wednesday, December 14 2016 14:59
Karine Melikyan

Converse Bank expands discount network for its cardholders

Converse Bank expands discount network for its cardholders

ArmInfo. Converse Bank announces about a new initiative connected with expansion of the opportunities and geography of usage of the Bank's payment cards, the press-service of the bank informs.

Those customers who will choose to celebrate the New Year in Georgia, in Tbilisi, will get a discount of 5-25 percent when making payments in the Bank's partner network, with the Bank's cards.

According to the source, this is the start of expansion of the discount network geography. In Georgia, those places were chosen, in particular, hotels and restaurants, which are very popular and will make the journey more comfortable for the Bank's clients.

The Bank constantly develops the service infrastructure of plastic cards; along with the regularly implemented promotions - bonus programs , , the cardholders also have the opportunity to make use of the largest local 10- 50% discount system created for them in the RA.

One can find the details of the discount opportunities at www.conversebank.am website.

According to ArmInfo's Analytical Review "Armenian Banks in Card Business", the number of active cards of Converse Bank exceeds 136 thsd by October 1 2016 (the 6th place), 76 thsd of which are local ArCa, more than 44 thsd Visa cards and 16 thsd MasterCard. In year-over-year terms the bank increased the number of active cards by 7.2% due to growth of local cards by 18.3% and Visa cards by 15.3%, at the same time number of MasterCards dropped by 35%.  The amount of plastic transactions by Visa Cards totaled almost 148 bln drams in 9 months of 2016 with 15% y-o-y growth, more than 60 bln of which account for bank transactions with 7% growth. As of October 1 2016 the bank had 101 ATMs and 572 own POS-terminals, the number of which has grown y-o-y by 8 and 123 respectively.

To recall, CJSC Converse Bank was founded in 1993. The shareholders are Advanced Global Investments LLC (Eduardo Eurnekian)  - 95% and Mother See of Holy Etchmiadzin Cathedral - 5%. The Bank serves 34 branches, including 13 in Yerevan, 20 in the regions and 1 in NKR.

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