Converse Bank’s charter capital has been replenished by AMD 2,429,400,000.

The bank noted that currently the total regulatory capital of the bank amounts to AMD 31.9 billion, exceeding the minimum regulatory threshold.

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’s charter capital with 14.06%.

“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’s charter capital, the Church purchased 405 additionally issued shares,” the bank informed.

Converse Bank also reminded that this is the second stage of replenishment of the bank’s total regulatory capital. In September, the bank’s principal majority shareholder Advanced Global Investments increased the bank’s charter capital by AMD 6.6 billion, and the Armenian Apostolic Holy Church - by AMD 0.4 billion.