Converse Bank increases the number of plastic cards by 40%

2009-02-06 20:49:00

ArmInfo. In 2008 Converse Bank increased the number of issued cards by
40% to 27166.

According to the data given to ArmInfo by Converse Bank, as of January
1, 2009, the share of local ArCa cards was 3,8% of the total number of
plastic cards issued by Converse Bank, the rest 96,2% were
international Visa cards. As compared with the same period of the
previous year, the number of local cards issued by the bank grew by
49,1% to 1042, and Visa – by 39,2% to 26124. As of 1 January 2009,
Converse Bank had 68 bancomats (as against 27 in 2008). Furthermore, as
of January 1, 2009, the bank had 419 POS-terminals, while as of January
1, 2008, there were 97 bancomats.

The shareholders of Converse Bank, which has been operating since 1993,
are Advanced Global Investments controlled by Argentine businessman
Eduardo Eurnekian (95%) and the Mother See of Holy Echmiadzin (5%).