ARMENIAN CONVERSE BANK, BTA BANK TO SERVE VISA CARDS IN JOINT ATM

ARKA
Sep 29, 2009

YEREVAN, September 29. /ARKA/. Armenian Converse Bank and BTA Bank
Armenia started serving VISA international cards in a joint ATM on
September 23, Converse Bank reports.

The ATM’s address: The ATM’s address: Yerevan, Gyurjyan, 51/1/H
(the 3rd Nork Massiv, VAS Supermarket).

Converse Bank was registered on December 20, 1993. In February 2007,
Eduardo Eurnekian, Argentine entrepreneur of Armenian descent, bought
95% of the bank’s shares.

The remaining 5% belong to Armenian Apostolic Church.

Now the bank provides following cards of VISA system (Electron,
Classic, Business, Gold, GIFT and MINI) as well as ArCa Classic cards.

BTA Bank is a strategic partner to BTA Bank, one of the largest banks
of Kazakhstan, who holds 49% of Armenian BTA Bank.

The other shareholders are Austrian ZRL (31.1%) Kazakh-Armenian
MOBILEX Company (16.2%).