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History

Development phases

1993
- Created as a "North -Armenian" joint stock Bank.
- Granted a license for "Converse bank" CJSC.

1994
- Renamed as "Converse Bank" joint stock Bank.

1995
- Registered on the Yerevan Stock Exchange.
- Licensed by RA Ministry of Finance and Economy in the Securities market as holder of investment funds.

1996
- Became member of RA Banking Association.
- Chartered as RA CB basic and official dealer for implementation of operations with treasury bonds.

1997
- Reconstructed to "Converse Bank" Closed Joint Stock Company.
- Licensed by RA CB - under general license number 57.
- Became payment agent for the RA Ministry of Finance and Economy.
- Became shareholder of Yerevan Stock Exchange.
- Utilized by the World Bank for financing the development of small and medium business projects in Armenia. 
- Membership of the SWIFT system.

1998
- Became a shareholder of "Artsakh Bank".
- Became a shareholder of "Arminkasacia" cjsc.
- Granted a license for the "Central" branch in Yerevan.
- Established operational office N1 in Yerevan.
- Won the published tender of the Customs Service of the Republic of Armenia.

1999
- Appointed as an official agent of the Ministry of Finance and Central Bank of RA for conducting transactions with short-term Treasury Bills.
- Accredited by the "Lincy" Foundation within the framework of Small and Medium Business Development projects in Armenia.
- "ARKA" agency awarded "Converse Bank" with 2-nd place in press rating.

2000
- Cooperation with the "American Express" bank.
- Accredited by the World Bank within the framework of the Agricultural Reforms financing project in Armenia.
- Accredited by the USDA within the framework of "Marketing Support Financing" project.
- Granted a license for the "Nor-Hadjen" branch of "Converse Bank" in Kotayk region.
- Granted a license for the conduct of trade with precious stones.
- Became a principal member of "ArCa" payment system.
- "Converse bank" is awarded with a diploma by the "ARKA" agency for readiness to cooperate with the mass media.

2001
- Became a member of the "Contact" system.
- Established 3 operational offices (N2, N3, N4) at Zvartnots International Airport.
- Granted a license for the "Gyumry" branch of "Converse Bank" in Shirak Region.
- Granted a license for the "Vanadzor" branch of "Converse Bank" in Lori Region.
- "Converse bank" is awarded with a diploma by "ARKA" agency for readiness to cooperate with the mass media.
- "American Express Bank" awarded "Converse Bank" certificate of Excellant Quality and for Excellent Performance in International Payments.

2002
- Became a member of the "Migom" system.
- Granted a license for the "Zvatnots" branch of "Converse Bank" at Zvartnots International Airport.
- Granted a license for the "Aviation" branch of "Converse Bank" at Zvartnots International Airport.
- Accredited by the German-Armenian Fund within the framework of Small and Medium Business project financing.
- Opening ceremony of "Converse Bank՚s" new Head Office building in the very center of Yerevan at Republic Square.
- "Converse Bank" became a principal member of "VISA INTERNATIONAL" payment system.
- "ARKA" agency awarded "Converse Bank" 1st place in press rating.
- "American Express Bank" awarded "Converse Bank" certificate of Excellent Quality and for Excellent Performance in International Payments.

2003
- Became a principal member of the "International Factors Group".
- Signed an agreement for a "credit portfolio guarantee grant" between USAID and Converse Bank.
- Granted a license for the "Artashat" branch of "Converse Bank" in Ararat Region.
- Became a member of the Chamber of Commerce and Industry of Yerevan.

2004
- "CONVERSE TRANSFER" money transfer system was established by the Bank.
- Granted a license for the "Sevan" branch of "Converse Bank".
- Granted a license for the "Charentsavan" branch of "Converse Bank".
- Granted a license for the "Metsamor" branch of "Converse Bank".
- Granted a license for the "Armavir" branch of Converse Bank.
- "Financial Times" Corporation awarded "Converse Bank" the "Bank of the year for Armenia" prize.
- 10th anniversary celebration concert dedicated to the 10th anniversary of "CONVERSE BANK".
- Granted a license for the "Avan" branch of "Converse Bank" in Yerevan.
- "Converse Bank" became a member of "WESTERN UNION international transfer system.
- Established the Training Center of "Converse Bank".
- "Converse Bank" CJSC is recognized as the best agent of the Government for managing the internal public debt.

2005
- Granted a license for the "Hrazdan" branch of "Converse Bank".
- Granted a license for the "Lori" branch of "Converse Bank" in Vanadzor.
- Converse Bank commenced servicing chip cards for the VISA international payment system.
- Granted a license for the "Shirak" branch of "Converse Bank".
- Granted a license for the "Araratyan" branch of "Converse Bank" in Yerevan.
- "Financial Times" Corporation awarded "Converse Bank" the "Bank of the Year for Armenia" prize.
- The "GLOBAL FINANCE" magazine awarded "Converse Bank" the "Best Bank in Armenia" prize.

2006
- Became a member of the "INTEREXPRESS", "LEADER", "BLIZKO" systems.
- "Deutche Bank" presented the "2005 EUR STP Excellence Award" and "2005 USD STP Excellence Award" to Converse Bank for the exceptional quality of payment messages.
- "Converse Bank" CJSC receives the "Quality of Payments Messages Award" for 2006.
- The "GLOBAL FINANCE" magazine awarded "Converse Bank" the "Best Foreign Exchange Bank in Armenia" prize.
- The "GLOBAL FINANCE" magazine awarded "Converse Bank" the "Best Bank in Armenia" prize.

2007
- Chartered "Zvartnots Airport" branch of "Converse Bank" CJSC (within area of "Zvartnots" international airport).
- Received the prize from the "GLOBAL FINANCE" magazine for the best Armenian Bank in the "Best Banks in Developing Markets 2007" and the "Best Foreign Exhange Banks 2007".
- "Converse Bank" CJSC has been awarded a certificate ISO 9001:2000 N 01 100 051303 of quality management by the renowned German audit company TUV RHEINLAND GROUP.
- "USAID" presented to "Converse Bank" CJSC license for "Find, what you look for".
- Chartered "Etchmiadzin" branch of "Converse Bank" CJSC.
- Chartered "Abovyan" branch of "Converse Bank" CJSC.
- Chartered "Nor Nork" branch of "Converse Bank" CJSC.
- Chartered "Ijevan" branch of "Converse Bank" CJSC.
- Chartered "Kumayri" branch of "Converse Bank" CJSC.
- Chartered "Moskovyan" branch of "Converse Bank" CJSC.
- "Leader" prompt money transfer system presented to "Converse Bank" CJSC Golden License in the nomination the "Best Foreign Bank".
- Became a member of the "ALLURE", "ZOLOTAYA KORONA" systems.

2008
- Chartered "Sayat Nova" branch of "Converse Bank" CJSC.
- Chartered "Kilikia" branch of "Converse Bank" CJSC.
- Received the prize from the "GLOBAL FINANCE" magazine for Armenian best Bank in "Best Foreign Exchange Banks 2008" category.
- Became a member of the "MONEYGRAM" system.
- The Bank announced issuance of medium-term coupon bonds and completely allocated the first tranche.

2009
- Became a member of the "BYSTRAYA POCHTA" system.
- The Central Bank of the Republic of Armenia awarded "Converse Bank" CJSC for "The Best Booklet Design and Form of Providing Information 2009".
- Became a member of "MasterCard" system.
- Received the prize from the "GLOBAL FINANCE" magazine for Armenian best Bank in "Best Foreign Exchange Banks 2009" category.
- Became a PRIORTY PASS member - the world՚s largest and the most prestigious airport VIP lounge access program.

2010
- Chartered "Postbank 19" branch of "Converse Bank" CJSC.
- Chartered "Kapan" branch of "Converse Bank" CJSC.
- Chartered "PostBank Kapan 01" branch of "Converse Bank" CJSC.
- Registered in the RA CB Register of Insurance Agents as insurance agent.

2011
- Termination of the "Zvartnots" branch activity.

2012
- Chartered "Stepanakert" branch of "Converse Bank" CJSC.
- Chartered "Avan-1" branch of "Converse Bank" CJSC.
- Chartered "Erebouni" branch of "Converse Bank" CJSC.
- Chartered "Zeytun" branch of "Converse Bank" CJSC.

2013
- Chartered "Ashtarak" branch of "Converse Bank" CJSC.
- Chartered "Davtashen" branch of "Converse Bank" CJSC.
- Chartered "Dilijan" branch of "Converse Bank" CJSC.

2015
- Chartered "Kotayq" branch of "Converse Bank" CJSC.