ARMENIAN CONVERSEBANK’S MEDIUM-TERM COUPON BONDS ON BBOND LIST

ARKA
Jan 26, 2009

YEREVAN, January 26. /ARKA/. The medium-term nominal coupon bonds
issued by Conversebank (Armenia) have been put on the Bbond list on
the Armenian Stock Exchange (ARMEX).

According to the information available on ARMEX official website,
10,000 bonds with a nominal value of 30,000 AMD each and an annual
coupon yield of 10.64% were put on the list.

The maturity date of the 36-month bonds is December 16, 2011. The
bonds are listed as CVBKB1.

The Conversebank CJSC was incorporated on December 20, 1993. Last
February 95% of the bank’s stock was purchased by the Argentina-based
Armenian businessman Eduardo Eurnekian. The rest 5% are held by the
Armenian Apostolic Church.

As of December 31, 2008, Conversebank’s assets amounted to 71.9bln
AMD, liabilities 58.7bln AMD, total capital 13.1bln AMD, credit
investments 42.9bln AMD, liabilities to clients 43.6bln AMD and net
profit 2.1bln AMD.

The bank has 25 branches, with eight of them in Yerevan.

The Armenian Stock Exchange (ARMEX) was founded in 2001 as an
associat6ion of 21 brokerage firms. Early in November 2007, ARMEX was
transformed to an open corporation. On January 7, 2008, NASDAQ OMX
became sole owner of ARMEX and of the Central Depository of Armenia.

By January 23, 2009, twenty-two securities had been listed on ARMEX,
and ARMEX capitalization reached 57.3bln AMD.

From: Emil Lazarian | Ararat NewsPress