|Exchange and gold rates|
|Branches and ATMs|
|Shareholders and Investors|
|Property for sale|
|Financial System Mediator|
|Shareholders and Investors|
Information subject to disclosure in accordance with Regulation 4/04 "Prospectus and reports of registered issuers", approved through resolution number 68-N dated March 11, 2008 of the RA Central Bank and the RA Law "On Securities Market".
Report (30.06.11) dealing with annual general shareholders' meeting of "Converse Bank" Closed Joint Stock Company
Report (10.06.10) dealing with annual general shareholders' meeting of "Converse Bank" Closed Joint Stock Company
Report (10.06.09) dealing with annual general shareholders' meeting of "Converse Bank" Closed Joint Stock Company
Dividend policy of "Converse Bank" CJSC
Bank is empowered to make decisions (announce) dealing with the quarter and annual dividends of its shareholders.
Suggestions dealing with payment of the annual dividends and the amount of the dividends are submitted to the Bank at the shareholder's meeting by the Council.
It is restricted to allot shareholder's dividends (both interim and annual) by the Bank, if:
a) Bank's charter capital is not fully paid
b) While dividend allotment, Bank's losses are equal to or are more than the amount of non-allotted net profit.
c) value of net assets is less than bank's charter capital or will be reduced as a result of a dividend
d) even one norm of economical activity defined by RA CB restricts payment of a dividend
e) The amount of interim dividends should not exceed 50% of the dividends allotted from the results of the previous year and the amount of annual dividends should not be less than the amount already paid in interim dividends.
f) One shareholder may be paid interim quarterly dividends up to 10% of the common dividend received by current shareholders for each quarter.
g) Bank's dividend amount to be paid for every quarter to all shareholders keeping common stocks should not be more than 30% of the profit made within the current quarter.
h) If the volume of annual dividends are defined as equal to the volume of interim dividends already paid then an annual dividend is not paid.
i) If the volume of annual dividends are defined more than interim dividends already paid then annual dividends are paid in size of difference between defined annual dividends and the amount of already paid interim dividends of the current year.
The total volume of loans and other lending provided to the Bank Board, Members of the Executive Body, Chief Accountant, significant participants and affiliated entities as at April 01, 2011 within the last year has made AMD 364.420, the average weighted interest rate - 11.65%, from which:
Any shareholder of "Converse Bank" CJSC has the right of receiving the copy of the Bank last annual financial statement and the copy of the Independent Auditor's report pursuant to Article 43 (Part 4) of the RA Law "On Banks and Banking".
Each participant, holding 2% and more of the Bank voting shares, has the right of receiving all information as specified by Parts 4 and 5 (Article 43) of the RA Law "On Banks and Banking". You may find the law at URL: http://www.conversebank.am/en/statements .
The Bank provides the above-mentioned information FREE OF CHARGE within three banking days upon receipt of the relevant letter of application. The letter of application may be submitted by hand to the Head Office, any branch or representation, as well as via e-mail: email@example.com, or post: 26/1 V.Sargsyan, Yerevan 0010, RA.