Last update - 08.05.2018

Converse Bank was established in 1993 and operates under license No. 57 issued by the Central Bank of Armenia. In 2018 Converse Bank celebrates its 25th anniversary.

The bank provides universal banking services, emphasizing provision and development of retail banking services.

The bank is a full member of SWIFT payment and settlement system and VISA international card payment system, founding member of ArCa local card payment system, and affiliated member of MasterCard international card payment system. It cooperates with MoneyGram, Unistream, and Best payment systems. The BANK is the operator and settlement bank of Converse Transfer payment system.

The bank issues and services the cards of VISA and MasterCard international card payment systems and ArCa local card payment system.

The bank is public debt management agent at the Republic of Armenia market of short-term, mid-term, and long-term government treasury coupon bonds, participant of NASDAQ OMX-Armenia Stock Exchange.

It is member of “Central Depository of Armenia” OJSC unified settlement and registration system.

Converse Bank has 34 branches, of which 14 are located in Yerevan, 19 in the regions of Armenia, and 1 in the Republic of Artsakh, as well as 119 ATMs and 60 terminals all over Armenia.

The shareholders of “Converse Bank” CJSC are: Advanced Global Investments LLC (80.94%), HayPost Trust Management B.V. Company (14.06%), and the Armenian Apostolic Church (5%).

As of January 31, 2018 the bank has 811 employees.

As of December 31, 2017, the total capital of the bank is AMD 35,999,621,000, assets – AMD 252,735,853,000, liabilities – AMD 216,736,232,000.