CONVERSEBANK OF ARMENIA TO HOLD JOINT ACTION WITH MONEY GRAM ON MARCH 1 – APRIL 7
ARKA
Feb 20, 2009
YEREVAN, February 20. /ARKA/. Conversebank of Armenia is to hold a
joint action with Money Gram international payment system.
Clients are to get three presents while receiving remittances through
Money Gram in any of Conversebank’s branches in the period from March
1 to April 7, the bank reported.
Conversebank joined Money Gram system on December 2, 2008.
"Conversebank" Closed Joint Stock Company was registered on December
20 1993. Since February 2007 Argentinean businessman of Armenian
origin Eduardo Ernekian has been holding 95% of the bank’s shares.
Armenian Apostolic Church owns the remaining 5%. Conversebank has 25
branches, including eight branches in Yerevan.
By the end of December 2008, the bank’s assets had totalled 71.9bln
Drams, liabilities 58.7bln Drams, total capital – 13.1bln Drams,
credit investments – 44.1bln Drams. Profit after tax was 2.1bln Dramas
for the year 2008. ($1=305.41Drams).