Converse Bank has launched corporate and SME financing project within the framework of ConverseGreen loan. It is designated to small, medium and large entrepreneurs, individuals and entities carrying out activities in the agricultural sector and development/construction organizations.
Converse Bank signed 8 million US dollars equivalent local currency two loan facilities with the European Bank for Reconstruction and Development (EBRD). Out of the total loan proceeds 6 million US dollars equivalent in local currency will be channeled to the financing of private micro, small and medium enterprises and 2 million US dollars equivalent in local currency to women-led MSMEs in the frames of EBRD’s “Women in Business” Programme.
“Converse Bank is the first and currently the only bank in Armenia, which has launched a platform that enables people living in different parts of the world, including the Diaspora Armenians, to make a deposit in the Bank on favorable terms. The project allows us to improve and expand the geography of digital banking, introducing a new culture of banking services on digital platforms”, says Converse Bank.
The results of the joint campaign with MasterCard payment system were summarized at Converse Bank.
The employees of the Bank visited village Artsvashen of Kashatagh within the framework of Converse Bank CJSC’s “Become a Santa” project. This year, the Bank, together with its customers and staff did not only become a Santa for the 47 children living in the village and fulfilled their New Year wishes, but also financed the construction of the village playground. Surprises will be continuous throughout the project.
Converse Bank has come up with an interesting offer by being the first in Armenia to offer Visa Mini Fob to its customers. What are Visa Mini Fobs and how do they apply? Here are some frequently asked questions about Converse Bank’s new offer.
2019, the year of Armenia’s chairmanship at the Union, was quite active. During Armenia’s chairmanship two major free trade agreements were signed with Singapore and Serbia. This year two more agreements also entered into force: the free trade deal with Iran and the agreement on economic cooperation with China. In other words, the EAEU has 4 new agreements. This, of course, means new markets. Currently negotiations are underway also with Egypt, Israel and India”, Simonyan said, adding that India is a big market with a great position in the region.
Converse Bank intends to completely abandon the usage of plastic in the near future, becoming the first financial institution in Armenia to undertake such an initiative. Recently this initiative has been launched in the Bank Headquarters and Customer Service Office, where plastic cups were replaced by paper cups, and waste sorting has also been introduced. Waste is recycled after use.
Lydian’s access to its Amulsar project has been illegally blocked since June 2018. Despite the court rulings on the need for the relevant authorities to restore Lydian’s access, the roads remained blocked. Nevertheless, Lydian continued to fulfill its contractual obligations and paid land rents to the community budgets. As part of its commitment to transparency, at the end of each year the Company discloses the payments made to the communities.
As of January 1, 2018, the government of Armenia had 275 billion AMD debt to economic entities in overpayments of taxes. But as of December 1, 2019, this debt comprises 95 billion AMD, including also the ongoing VAT debts, Prime Minister Nikol Pashinyan said on Facebook.
