Wednesday, May 10 2017 16:00
Karine Melikyan

Converse Bank launches action for students "Create your credit history"

ArmInfo. Converse Bank launches an action for students - "Create your credit history", within the framework of which clients, who had before July 1, 2018, make non-cash transactions for 500 thousand AMD or more, give the opportunity to get a mortgage at an interest rate below the current one.

As the source reports, Converse Bank attaches great importance to provision of comprehensive services to the youth meeting their needs, and launches the promotion "Create your credit history" for its student customers.

Within the framework of the promotion, until 01.07.2018, the students making non- cash transactions with their cards for the amount of AMD 500 thousand and more will have the opportunity to obtain a mortgage loan at Converse Bank at an interest rate lower than the currently applied rate", - we were told at the Bank, where they added that within the framework of the promotion students would get the MC Standard plastic card with credit limit up to AMD 400 thousand, maturity of 36 months and 15% annual interest rate, without service fee. No encashment fee will be charged when withdrawing money from the Bank's encashment points and ATMs.  Besides, student couples participating in the promotion, in case of excellent study of one of the students, will get a card as a gift /Visa Classic or Master Standard/ with a balance of AMD 150,000.

?Within the framework of the promotion, the students will also have the opportunity of studying and training in the banking sector. Namely, the most active participants of the promotion will get practical training at the Bank; some of them will be registered in the reserve of Converse Bank?s human resources, with the possibility of further employment?, - they concluded at Converse Bank.

You can see the details of the promotion and the list of the institutes of higher education if you follow the link

According to the Financial Rating of the Armenian Banks for January 1, 2017, prepared by the IA ArmInfo, Converse Bank occupies the 2nd position in terms of mortgage loans - 20.7 billion AMD ($ 42.8 million) or 17% of the total loan portfolio of the bank. Converse Bank's share in total mortgage loans of banks exceeds 11%. According to the Analytical Review of Armenian Banks in the Card Business prepared by ArmInfo on October 1, 2016, Converse Bank is included in the TOP-5 (ArCa, Visa and MasterCard) by the total number of active cards, and by the volume of plastic transactions - in TOP-3. The Bank has 101 ATMs and 572 POS terminals at that date.

Converse Bank has been operating in Armenia since September 1996. As of January 1, 2017, the Bank's shareholders are Advanced Global Investments LLc with a stake of 80.94%, HayPost Trust Management B.V. - 14,06% and the Cathedral of the Mother See of Etchmiadzin - 5%.


Exchange rates

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

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Объем (инвал.)

200 000

0бъем (драм)

96 400 000