ArmInfo. Within the framework of the new campaign, which will last until August 31, Converse Bank significantly improved the terms of car loans by making car loans affordable for a larger number of customers. This is stated in the official message of the Bank.
According to the source, the Bank offers loans to customers in AMD with a maturity of up to 84 months (annual interest rate starting at 11%), with a prepayment of 0-10%. The maximum loan amount is 12 million drams. Insurance of the pledged property within the framework of the action is not required, and the corresponding decision is made within one day.
In addition, to purchase a car from the primary market, a vehicle is not required. As a pledge value, the seller, represented by the client, bases the price on the selling price of the car.
Details of the action can be found by clicking on the following link: https://conversebank.am/hy/actionmobil/.
According to the Financial Rating of the Armenian Banks as of 31.03.2018, prepared by IC ArmInfo, Converse Bank is included in the TOP-5 by the volume of retail loans - 73.8 billion drams ($ 153.8 million), providing an annual growth of 34.4%. In the total loan portfolio of the Bank, the share of retail lending exceeds 45%, and in the total retail loans on the market, Converse Bank accounts for about 9%. The first quarter of 2018, the Bank completed with a profit of 1.01 billion drams ($ 2.1 million), with an annual growth rate of 2.6 times. With respect to the mortgage portfolio and the volume of funds on credit cards, Converse Bank is included in the TOP-3.
Converse Bank has been operating in the Armenian market since September 1996. The Bank's shareholders are Advanced Global Investments LLc (hand-Eduardo Ernekian) - 80.94%, HayPost Trust Management B.V. - 14.06%, the Cathedral of the Mother See of Etchmiadzin - 5%. The Bank's branch network has 34 branches, out of which 13 are located in Yerevan, 20 - in the regions of Armenia and 1 - in the NKR.