Converse BAnk Attracts Over 2bln AMD

CONVERSE BANK ATTRACTS OVER 2BLN AMD

ArmInfo
2009-07-10 19:30:00

ArmInfo. Converse Bank has attracted over 2bln AMD from 900 depositors
in the framework of Zartonk (Awakening) action. 53% of them are
new clients.

The press service of Converse Bank reports that the action took place
Mar 23-June 30 2009. Today, the bank held a draw and presented its
depositors with different types of domestic appliances.

The deposits were placed in both AMD and USD: the minimum amount of a
deposit was 150,000 AMD or $500, the period – from six months to one
year, the interest – 10% for six-month AMD deposits, 7% – six-month USD
deposits, 13% – one-year AMD deposits and 9% – one-year USD deposits.

Converse Bank was established in 1993. 95% of the bank is controlled
by Argentinean businessman Eduardo Eurnekian and 5% by the Mother
See of the Holy Etchmiadzin.