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A Success Story - Green Energy

A Success Story - Green Energy

04.10.2021 - “Optimum Energy was founded in 2013. The company is engaged in the construction of solar stations, and we also have our own solar stations. One of these stations is the Vayots Arev 1 power plant, which was the largest in Armenia at the time, with a capacity of 5.2 MW. Vayots Arev 1 occupies an area of about 8 hectares. The station is built with double-sided solar panels. The maximum capacity is generated during the day. During these hours, the station is capable of supplying energy to about 80 small villages”, - says Hovhannes Tevosyan, Head of Program Development at Optimum Energy Company. According to him, the significance of alternative energy is not limited to environmental perspective only. Construction of solar stations contributes to the development of communities: for example, during the implementation of the Clean Energy Vayots Dzor 1 project, more than 100 jobs were created in Zedea.

Exclusive opportunity for VISA Signature cardholders of Converse Bank

Exclusive opportunity for VISA Signature cardholders of Converse Bank

10.09.2021 - Converse Bank has started issuing premium VISA Signature cards to afford new opportunities to the cardholders in addition to those offered by VISA system. In particular: - VISA Signature cardholders of Converse Bank can use the Business Lounge of Zvartnots Airport free of access and service charge (with two children under 14). Only AMD 100 will be charged from the card for authorization of access; - VISA Signature cardholders will be offered a credit limit to be used for any purpose.

Three days of holidays and cashback - a new offer for Converse Bank MasterCard cardholders

Three days of holidays and cashback - a new offer for Converse Bank MasterCard cardholders

01.09.2021 - Converse Bank announces the launch of the next campaign. Within the framework of the campaign, customers who make non-cash purchases during the period from September 1 to November 30, inclusively, will receive up to 30,000 AMD in cashback and will accumulate Converse points, and the 20 cardholders whose volume of non-cash purchases will be the highest, will get a Certificate for a 3-day family vacation (for 2 adults and 2 children) in Armenia. At the same time, the customers who become Bank’s MasterCard holders during the campaign, will benefit from a 50% discount on the annual service fee throughout the period of the validity of the card. It should be noted that the Bank has been a member of the MasterCard international payment system since 2009. In recent years, the Bank has carried out a number of successful promotions with this system, resulting in various benefits for the cardholders, in the form of a cashback, as well as valuable gifts, including a family trip to Disneyland in Pa

"Converse-Fast Plus" - a new product for small and medium entrepreneurs

"Converse-Fast Plus" - a new product for small and medium entrepreneurs

18.08.2021 - Converse Bank has launched the Converse-Fast Plus type of loan, which offers small and medium enterprises financing for the acquisition of fixed assets and replenishment of working capital, for funding current expenses, repayment of accounts payable, which is designed to contribute to development and expansion of the business. The product is designated for SME entrepreneurs who are not clients of Converse Bank. No real estate collateral is required. Lending is provided based on the movement of bank accounts. The maximum amount of financing is 25 million AMD, the maximum term is 36 months.

Funding and additional services for women

Funding and additional services for women

12.08.2021 - Converse Bank has launched a campaign within the framework of the EBRD "Women in Business" program. Within the framework of the campaign, startups and operating businesses are offered funding to replenish working capital, acquire fixed assets and repay accounts payable. А grace period is envisaged for startup businesses. Scope of beneficiaries includes female sole proprietors, or legal entities in which at least 50% of the shareholders or direct final beneficiaries are women. The beneficiaries of the campaign will benefit from a range of banking products on preferential terms. In particular, for legal entities and sole proprietors - opening and maintaining current accounts, providing Internet-Banking service, servicing payment cards through POS terminals for the first year, etc. will be offered free of charge.

Converse Bank has reduced the interest rate on project lending

Converse Bank has reduced the interest rate on project lending

09.08.2021 - Converse Bank has revised the terms of loans refinanced by the National Mortgage Company, reducing the lending rate by 0.5% for some groups. The condition for the advance payment amount was also revised: from now on, the customer can make an advance payment of 10% of the purchase price, and submit an insurance certificate for 20%. The offer is available to cardholders of Converse Bank and users of Mobile Bank application. For almost 4 consecutive years, Converse Bank has been one of the leaders in Armenia in terms of loan portfolio refinanced by the National Mortgage Company and under Affordable Housing for Youth program. This has been made possible due to flexible loan policies and competitive lending conditions. The bank tracks the market trends and regularly reviews lending terms, offering customers competitive financing terms.