"Converse Bank" Singed New Agreements With Importers Of Cars On Cred

"CONVERSE BANK" SINGED NEW AGREEMENTS WITH IMPORTERS OF CARS ON CREDIT SALE

Mediamax News Agency, Armenia
May 25 2007

Yerevan, May 25 /Mediamax/. "Converse Bank" singed a number of new
agreements with importers of cars on credit sale.

As Mediamax was told in the press service of "Converse Bank",
agreements are signed with "Armenia-Lada", "Carcomauto", "Muran",
"Megna", "Fora", "Galloper", "Maverick", "Vecar" "Toyota", "Valti
Motors" companies.

"Converse Bank" noted that the interest rate of the car credits will
make 14% per year, the prepay – 20% from the established cost of the
car and the repayment term – 5 years.