CONVERSE BANK RECOGNIZED BY "GLOBAL FINANCE" MAGAZINE AS THIS YEAR’S BEST BANK OF DEVELOPING MARKETS

Noyan Tapan
Oct 22, 2007

YEREVAN, OCTOBER 22, NOYAN TAPAN. During the annual conference of
the International Monetary Fund (IMF) and the World Bank (WB) in
Washington on October 22, Converse Bank was recognized by the "Global
Finance" magazine as Armenia’s best bank for the third consecutive
year in the nominations "Best Banks of Developing Markets 2007" and
"Best Foreign Currency Exchanging Banks 2007".

NT was informed from Converse Bank that each year "Global Finance"
studies and chooses best banks in various nominations. In the indicated
nominations, the editorial-analytic group of "Global Finance" studied
banks of 71 countries, with selection standards being the volumes of
deals, the position in the market, the quality of services, competitive
prices, services provided to customers, the use of new technologies,
as well as business development and the introduction of new services.