Converse Bank:  preferential terms for SHOPIN users  

ArmInfo.Converse Bank and HayPost have launched a joint campaign for users of Shopin service. This was shared with ArmInfo at the press office of Conversebank 

"By the launch of the campaign, Converse Bank is expanding its  partnership with HayPost, another entity of the group managed by Mr.  Eduardo Eurnekian, the principal shareholder of the Bank, by means of  offering preferential terms for several banking services to the  customers making non-cash purchases via Shopin system of the postal  operator", - we were told at the Bank.

Namely, within the framework of the campaign, Converse Bank offers to  the customers who used Shopin service in 2017 Visa Gold and Visa  Classic cards wtih 50% discount of the service fee, as well as Visa  Virtual accounts with credit limit.  "The credit limit of up to AMD 1  mln can be used only for the purpose of using Shopin service offered  by HayPost (payment for the service of purchasing goods and delivery  of the purchased goods by HayPost)", - they concluded at the Bank.   Simultaneously, Converse Bank offers installment loans to the  customers of several HayPost offices on competitive terms.

According to the Analytical Survey "Armenian Banks in Card Business"  No. 16, prepared by IC ArmInfo, Converse Bank is included in the  TOP-5 both in terms of the total number of active cards, and in terms  of the number of Visa and MasterCard. By October 1, 2017, the bank  increased the total number of active cards by 35.1% - to 183.8  thousand units. In the total number of active cards of the bank, Visa  accounts for 28.2%, and MasterCard - for 12.5% (22.9 thousand units  with an annual growth of 44.4%). The volume of plastic transactions  Converse Bank increased over the 9 months of 2017 at 62% per annum to  239.1 billion drams, taking the first position on this indicator. As  of October 1, 2017, the Bank has 104 ATMs and 753 own POS terminals.  Converse Bank issues and also serves Visa and MasterCard on a par  with local ArCa cards.

It should be reminded that Converse Bank has been operating in the  Armenian market since September 1996. As of October 1, 2017, the  Bank's shareholders are Advanced Global Investments LLc (hands-  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.