ArmInfo.Converse Bank, on the occasion 25th anniversary of its founding, offers a new deposit - "Converse 25". As the Bank's press service explains, the uniqueness of this type of deposit consists in the fact that in case of early termination the depositors do not are deprived of the accrued interest.
According to the source, the term of the "Converse 25" deposit is set at 25 months, with a higher interest rate from the 13th month than in the first year. In case of early termination of the deposit, the interest is paid to the client at the interest rate applicable at the time of making the deposit (for 1-12 months). These are the main advantages of this type of deposit compared to other similar offers.
The Bank's message also notes other advantages of the "Converse 25" deposit: the possibility of partial write-off of funds from the principal during the whole term of the deposit; a higher interest rate compared to similar offers on the market. In the near future, Converse Bank will make new profitable offers dedicated to the 25th anniversary of its activities.
More detailed information is available on the Converse Bank website at https://www.conversebank.am/hy/converse25/
According to the Financial Rating of the Armenian Banks, on July 1, 2018, prepared by IC ArmInfo, Converse Bank enters the TOP-5 portfolio with 112 billion drams ($ 232.2 million), with an annual growth of 21.5%, with the growth of the overall market portfolio only by 2.7%. Convers Bank's term deposits portfolio accounts for 47.4% of deposits of natural persons, with an annual increase in absolute value of 6%. In the total time deposits on the market, the share of Converse Bank's portfolio is 6.4%, while in the total liabilities of the Bank the share of term deposits is 51%. It should be reminded that 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.
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