ARKA News Agency, Armenia
March 26 2007
"GLOBAL FINANCE" MAGAZINE: ARMENIAN CONVERSEBANK BEST
YEREVAN, March 26. /ARKA/. The "Global Finance" magazine has awarded
the Armenian Conversebank the title "Best banks of developing
countries in 2007".
The press service of the Conversebank reports that the "Global
Finance" magazine has recognized the Conversebank Armenia’s best bank
the third year in succession.
Among the criteria for selecting the winner are services rendered to
clients, competitive rates, introduction of new services and
strategic relations.
The awarding ceremony is to be held in Washington, USA, this October,
during an annual meeting of the International Monetary Fund and the
World Bank.
The "Conversebank" CJSC was registered on December 20, 1993. By
December 31, 2006, the bank’s assets had amounted to AMD 35.5bln,
total capital AMD 9.6bln, net profit AMD 1.4bln and balance profit on
the capital account AMD 5.5bln. The banl’s authorized capital had
amounted to AMD 1,296,366ths. P.T. -0–