ARMENIAN STOCK EXCHANGE WELCOMES CONVERSE BANK AS ITS MEMBER

ArmInfo
2009-01-09 03:49:00

ArmInfo. On December 29, 2008, "Converse Bank" closed joint stock
company became a member of the Armenian Stock Exchange. As a member
of the stock exchange Converse Bank will have full access to trading
on all exchange markets, including corporate securities, Government
bonds, repurchase agreements (REPO), and foreign currency.

Converse Bank was established in 1993 and currently offers the full
range of banking services through its headquarters, as well as 25
branches in Yerevan and across Armenia. As of the end of Q3, 2008,
the share capital of the bank totaled AMD 12,966,731 billion and
total assets exceeded AMD 66,826,197 billion. Ninety-five per cent
of Converse Bank’s shares are owned by "Advanced Global Investments"
LLC company (President/CEO: Eduardo Eurnekian) and 5% belong to Mother
See of Holy Etchmiadzin.

The NASDAQ OMX Group, Inc. is the world’s largest exchange company.

It delivers trading, exchange technology and public company services
across six continents, and with over 3,900 companies, it is number
one in worldwide listings among major markets. NASDAQ OMX technology
supports the operations of over 60 exchanges, clearing organizations
and central securities depositories in more than 50 countries.