CONVERSEBANK TOTAL CAPITAL INVESTMENTS EXCEED $500MLN THIS YEAR
ARKA
Dec 26, 2008
YEREVAN, December 26. /ARKA/. The total capital investments of
Conversebank exceeded $500mln this year, said the bank’s Executive
Director Ararat Ghukasyan.
"The financial means were spent on renovation of the bank’s branches,
as well as on purchase of new equipment and information technologies,"
he told reporters on Friday.
Ghukasyan noted a number of central issues will be settled soon.
"New servers are installed in the bank on the base of new information
technologies which speed up the process of transactions and
operations," he said and expressed his assurance that the customers
have already felt the difference.
The Conversebank CJSC was incorporated in Armenia on December 20, 1993.
Eduardo Ernekyan, an Argentina-based Armenian businessman purchased
the bank’s 95% shares last February. The other 5% is held by the
Armenian Apostolic Church.
The bank’s assets reached 63.9bln AMD this October 31, total capital
13bln AMD, liabilities 50.9bln AMD.
According to ARKA News Agency this Q3 Conversebank is the sixth in
terms of assets, crediting, liabilities, capital, third in terms of
total deposits from individuals and legal entities and the fifth in
terms of profits in Jan-Oct.
Conversebank has 25 branches with eight of them being in Yerevan. ($1 –
308.50AMD).