Converse Bank (Armenia) and Asia Alliance Bank (Uzbekistan) have officially launched a strategic partnership. On October 21, in Vienna, the parties signed two key agreements: one on the opening and management of international correspondent accounts, and another on cooperation in foreign exchange and money markets.
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).
Grant Akopian, the Chief Financial Officer and Deputy CEO of Converse Bank, as well as a member of BACEE’s Board of Directors, commented on the occasion: “It is an honor for Converse Bank to be the Diamond Sponsor of the BACEE Jubilee Conference.
Converse Bank has secured trade finance line from the International Finance Corporation (IFC). The agreement was signed on June 16 in Vienna by IFC’s Regional Industry Manager, Financial Institutions Group, Europe, Etleva Koka and Converse Bank’s CEO, Chairman of the Executive Board Andranik Grigoryan. It aims at strengthening Bank’s support for importers and exporters in Armenia and enhancing the Bank’s capacity to facilitate international trade, improve access to global markets, and provide better financing solutions for its customers involved in trade worldwide.
Converse Bank and the European Bank for Reconstruction and Development (EBRD) signed two loan agreements totaling US$ 8 million during the EBRD’s Annual Meeting in London.
“Green finance is one of the strategic priorities of our Bank. To achieve our ambitious goals, we are continuously developing and expanding cooperation in various formats with international financial institutions under our sustainability strategy. This initiative is another important step in that direction. Through the agreement with ADB, we will be able to enhance our institutional capacities and offer innovative green solutions that will help our clients transition toward more sustainable and socially responsible operations,” said Mr. Grant Akopian, CFO of Converse Bank.
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.
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).
