Converse Bank | News

Converse Bank "PJSC" has signed a framework agreement with the Uzbek JSCB Kapitalbank during the Sibos 2024 international conference, held in Beijing. This is an important step for both Converse Bank and its partners, representing a significant document aimed at expanding international cooperation in key areas: Financing of foreign trade transactions, and support for clients in export and import matters; Cooperation in financial markets, including joint operations in currency and money markets. With this partnership, the Bank expands its international network of partnerships, providing its clients with new opportunities for business growth and success. "Thanks to reforms, Uzbekistan’s economy is demonstrating impressive growth, attracting foreign investment and advancing key sectors. Kapitalbank is a driving force of transformation in the country and one of its market leaders. With this new collaboration, Kapitalbank becomes a strategic partner of Converse Bank, not only in Uzbekistan but across Central Asia,...

Converse Bank has joined the UN Global Compact Initiative by confirming its commitment to responsible business and sustainable development. The Global Compact Initiative is the world’s largest corporate sustainability initiative of the United Nations. It encourages the companies to align their business strategies and operations with the core sustainable development principles of the United Nations deriving from the Universal Declaration of Human Right, the Rio Declaration on Environment and Development the ILO Declaration on Fundamental Principles and Rights at Work and the United Nations Convention against Corruption. “Our membership to the Global Compact Initiative is in line with the Bank’s values and mission to the fullest extent. We are committed to integrating the Global Compact principles with our corporate strategy and daily operations, thus supporting the sustainable development of the society and the environment,” said Mr. Andranik Grigoryan, Chief Executive Officer, Chairman of the Executive Board ...

Converse Bank was a major sponsor of the EBRD Annual Meeting. We talked with Grant Akopian, Chief Financial Officer and the Deputy CEO of Converse Bank about our participation in the event, the Bank’s activities in the field of  socially responsible financing and expectations from the event. Converse Bank has vast experience of cooperation with the EBRD. Which fields are included in the cooperation and how would you describe the cooperation? Converse Bank has a long-standing productive and extensive cooperation experience with the EBRD, during which numerous projects have been successfully  implemented aimed at fostering the development of various sectors of the economy in Armenia. The Bank actively cooperates with the EBRD  in the scope of international trade finance as well as SME financing programmes. In particular, the attracted funds were channeled to the implementation of the inclusive programme “Women in Business” and financing of local SMEs. The success of these programmes has been recognized by the E...

Converse Bank has been awarded with the “Best Trade Finance Provider in Armenia” for 2024 award by the prestigious Global Finance magazine. "Taking into consideration the changes in the ever evolving economic landscape, receiving this international award testifies to the effectiveness of our efforts towards development of trade finance in Armenia, which would be impossible without close cooperation with international financial institutions and constant expansion of wide partnership network of the Bank.”, said Grant Akopian, Deputy CEO, Financial Director of Converse Bank CJSC. Head of Financial Institutions and International Banking Relations at Converse Bank, Nelli Kocharyan, in turn, noted: "The Bank offers its clients comprehensive solutions for international trade deals ensuring maximum efficiency of transactions while offering full coverage of non-payment risks involved.” At the same time to better meet the diverse demands of the customers the Bank is by their side throughout the entire trade transaction...