EDUARDO ERNEKIAN INTENDS TO PURCHASE CONVERSEBANK

YEREVAN, JANUARY 19, NOYAN TAPAN. The Argentinian Armenian
businessman, Chairman of American International Airports company
Eduardo Ernekian intends to purchase Conversebank (Armenia), NT
correspondent was informed from a reliable source.

In 2006, Conversebank failed to make the promised investments in
Haypost, whose management it assumed for a 5-year period, as a result
of which Haypost was transferred to a Dutch company for management.