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Converse Bank CJSC employees participated in the European Bank for Reconstruction and Development's (EBRD) technical cooperation preparatory workshop for the Certificate in International Trade and Finance (CITF®), where current challenges and innovative tendencies in the area of trade finance were discussed.

Trade finance supports export-import activities by using documentary credits and guarantees or short-term trade-related cash advances to essentially mitigate political and commercial risks and to simplify the payment processes for our customers, the press service of the bank reported.

“We prioritize high quality servicing of our customers, which is impossible without knowledgeable and skilled professionals. Participation in thematic workshops and conferences of the EBRD enables the employees of the Bank to improve their knowledge in the area of trade finance through introduction of advanced international approaches and standards, so that we are in the position to offer a wide range of services and flexible trade finance solutions,” said Nelli Kocharyan, Head of International Relations and Trade Finance Unit of Converse Bank.

Importantly, in March 2017, Converse Bank won the EBRD Trade Facilitation Programme Academic Excellence Award for the record number and exceptional academic results of participants from Converse Bank.

The shareholders of Converse Bank CJSC are: Advanced Global Investments LLC (80.94%) and Haypost Trust Management B.V. (14.06%), the beneficial owner of both companies is the Argentinian-Armenian businessman and philanthropist Eduardo Eurnekian, and Armenian Apostolic Church, represented by Mother See of Holy Etchmiadzin (5%).

The Bank offers a full range of banking services – lending, deposits, payment cards, investment and custodian services, e-banking, online payments and the like.

As of 01.07.2017, the Bank’s assets amounted to AMD 217,338,330 K, the liabilities – AMD 183,270,439 K and the total capital – AMD 34,067,891 K.