Converse Bank is pleased to announce that Grant Akopian, its Deputy CEO and CFO, has been elected to the Board of Directors of the Banking Association for Central and Eastern Europe (BACEE). This prestigious appointment reflects Converse Bank’s commitment to regional collaboration and strengthening the financial sector in Central and Eastern Europe.
We are pleased to announce that Converse Bank has made a significant stride in the realm of trade finance by becoming a confirming bank under the EBRD TFP.
As a result of a new collaboration between Acba bank and the International Finance Corporation (IFC), Acba bank will allocate $50 million to finance and develop micro, small, and medium enterprises (MSMEs) in Armenia.
Converse Bank and the International Finance Corporation (IFC) are collaborating to enhance access to finance for small and medium-sized enterprises in Armenia. As part of this partnership, IFC will provide an unfunded risk sharing facility that covers 50% of the credit risk on a loan portfolio of US$ 10 million equivalent, enabling Converse Bank to expand its lending capabilities to SMEs.
Converse Bank has become an official signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
Unibank announces subordinated bonds issue equal to USD 10 million. The annual coupon rate is 6.25%, the maturity of the bonds – 7 years. The coupon income will be paid quarterly.
Acba bank and American Express have announced an expansion of their long-standing agreement which grants Acba the license to issue American Express Cards and acquire American Express-accepting merchants. Acba bank has been American Express’ exclusive licensee in Armenia since 2009.
We are happy to announce that Converse Bank “PJSC” has signed a framework agreement with the Uzbek JSCB Kapitalbank during the Sibos 2024 international conference, held in Beijing. This is an important step for both Converse Bank and its partners, representing a significant document aimed at expanding international cooperation in key areas:
The prestigious International CMC Conference, one of the most significant events for Armenian consulting and business communities, kicked off on October 7.
We are pleased to announce that UBPay Armenian Payment and Settlement System of Money Transfers has become a member of the International Association of Money Transfer Networks (IAMTN).
