IN 2008 CONVERSE BANK INCREASED ITS CREDIT PORTFOLIO BY 44%

ArmInfo
2009-01-12 17:02:00

In 2008 Converse Bank increased its credit portfolio by 44% to 43.3bln
AMD. The assets of the bank grew by 8.2% to 72.3bln AMD.

Jan 1 2009 the capital of the bank totalled 13.036bln AMD, the net
profit – 1.956bln AMD (43% more than Jan 1 2008), the obligations –
59.3bln AMD (10% more than a year before). The share of time deposits
in the structure of the bank’s obligations made up 43% or 25.438bln
AMD – 54% more than in 2007.

As Director General of Converse Bank Ararat Gukassyan said earlier,
2008 was transitional for the bank in the field of agriculture
crediting. In 2008 this index grew by 130% to 1bln AMD. The crediting
of small and medium-sized business grew by 17%.

2009-01-12 12:56:00 Exchange rate of dram against US dollar and EUR

Today, the maximum buying rates at commercial banks of Yerevan were 307
drams for 1 dollar, 410 drams for 1 EUR and 9,3 drams for 1 Russian
ruble. The minimum selling rates stood at 308 drams for 1 dollar,
410 drams for 1 EUR and 11,2 drams for 1 Russian ruble.