Armenian Conversebank Suggests Summer Discount Campaign

ARMENIAN CONVERSEBANK SUGGESTS SUMMER DISCOUNT CAMPAIGN

ARKA
June 17, 2008

YEREVAN, June 17. /ARKA/. Armenian Converse Bank is holding a new
campaign called "Hit Summer" for those opening savings accounts in
the bank.

The campaign lasts from June 16 to August 16. Those opening savings
accounts in Conversebank in this period will receive a Visa credit
card without monthly service fee during the first six months, as well
as a deposit safe box at 50% discount.

Three months after the account is opened the owner will have a chance
to get privileged individual loans – at 1% lower interest rate than
the bank’s regular rates.

"Opening savings accounts in summer people will both keep in the bank
their savings in the holiday season and jewellery in the boxes. Time
after time Conversebank carries out encouraging measures, and this
is the second such campaign this year.

The first such campaign called "Zartonk" was carried out in spring
in which 600 people opened deposit accounts, 42.6% of them first-time
customers.

The Conversebank closed joint-stock company was registered on December
20, 1993. Armenian-Argentinean businessman Eduardo Eurnekyan acquired
ownership of the bank in February 2007.

According to the data of March 31, 2008, the bank’s assets totalled
64.8bln drams, with the total capital estimated at 11.99bln drams,
net profit in the first quarter 2008 at 682.4mln drams and for the
year of 2007 at 1.4bln drams. The bank operates 23 branches. ($1
-305.37 AMD).