Converse Bank has been awarded the BACEE Award for International Banking Co-operation during the 50th Jubilee Conference of the Banking Association for Central and Eastern Europe (BACEE).

“The award was presented in recognition of Converse Bank’s exceptional and consistent cooperation with BACEE, its commitment to ensuring financial stability, and the successful integration of international best practices into its operations. The bank was also acknowledged for its efforts in advancing correspondent banking relations, active participation in trade finance initiatives, and engagement in regional multilateral projects,” the bank said in a news release.

“We are deeply honored to receive this prestigious recognition from BACEE. This award is a testament to our bank’s consistent efforts in expanding international cooperation, promoting sustainable financial development, and supporting the growth of international trade. We are confident that through the joint efforts of BACEE and its member financial institutions, we will not only be able to overcome the current challenges in the industry, but also achieve sustainable growth, strengthen regional collaboration, and advance the use of digitalization and AI technologies,” Andranik Grigoryan, CEO of Converse Bank, said.

The 50th anniversary conference of BACEE took place on October 20–21 in Vienna, where Converse Bank was the Diamond Sponsor of the event.

Converse Bank is regulated by the Central Bank of Armenia.