On September 15, Converse Bank officially reopened Gyumri branch at a new address - 7/7 Yerevanyan highway, Gyumri.

The ceremony was attended by guests from Shirak regional administration, local self-government bodies, business community representatives, as well as members of Converse Bank Board and Management Board.

“This is the second regional branch that Converse Bank opened this year. Moving to a new premise, Gyumri branch has been equipped with all necessary conditions for rendering high- quality, comprehensive banking services to our customers in the best environment,” said Artur Hakobyan, Chief Executive Officer of Converse Bank.

“Expansion of the regional network - the launch of new branches, renovation and improvement of conditions at the existing branches, affordability of products and services for the customers are among the priorities of Converse Bank’s activity. The bank plans to launch another branch by the end of the year,” said the bank.

At present, Converse Bank has 3 branches in Shirak marz. The portfolio of credit investments in Shirak exceeds the AMD equivalent of USD 12.5 million.

“Lending to small and medium enterprises will remain among the bank’s priorities in the region for the upcoming years. The bank will adjust its lending offers to the needs of the sectors of development in the region, designing more competitive, tailored lending products. It includes the establishment and restoration of tourism infrastructures, various services, agricultural enterprises. In Shirak marz, we have already funded a large modern greenhouse construction project, which has been successfully operating for a year by now. These projects will be continuous,” stated Artur Hakobyan.

After the reopening ceremony of Gyumri branch, the bank’s representatives and guests visited Theater Square in Gyumri to attend the event organized within the framework of the “Argentine Tango Week”.