Wednesday, September 20 2017 14:44

ArmInfo. Converse Bank  launched an action - a dramatic deposit "Autumn" at an annual nominal  rate of 9%, or 9.5% - in the case of depositing funds through the  Internet Bank system. As ArmInfo was told in the press service of the  Bank, the deposit term is set at 12 months, after which a one-time  payment of interest is made. The minimum deposit amount is 100  thousand drams. The promotion is valid until November 30 this year.

According to the source, customers who have opened a deposit account  in the amount of AMD 200,000 or more will receive Visa Classic,  MasterCard Standard, MC Woman, Visa Gold, MasterCard Gold, Visa  Platinum and Visa Infinite payment cards free of charge. In addition,  they will be offered a credit limit of up to 90% of the amount of  their deposit. Investors participating in the action will also be  able to use 10% CashBack in the Bank's partner network.

Upon the expiration of the Deposit period "Autumn", the term of the  agreement will be extended at the client's will on the basis of the  deposits "Progress" or "Daily", acting in the Bank at the moment.   Detailed information on the deposit "Autumn" can be found at  https://conversebank.am/ru/autumndeposit/ According to the Financial  Rating of the Armenian Banks as of July 1, 2017, prepared by the IA  ArmInfo, Converse Bank increased its term deposits portfolio by 37%  to 92.2 billion drams. Moreover, the main growth came from the time  deposits of individuals - by 21% per annum to 50.1 billion drams. In  the total liabilities of Converse Bank, the share of term deposits  exceeds 52%. The first half of 2017 the Bank completed with a net  profit of 1.5 billion drams, with an annual growth of 53.1%.  It  should be reminded that Converse Bank has been operating in the  Armenian market since September 1996. As of July 1, 2017, the Bank's  shareholders are Advanced Global Investments LLc (hand-Eduardo  Ernekian) - 80.94%, HayPost Trust Management B.V. - 14.06%, the  Cathedral of the Mother See of Etchmiadzin - 5%.