Converse Bank unveils new business lending product
Converse Bank has started private sector financing in cooperation with the European Investment Bank.
The new product is designed for the RA resident micro, small and medium enterprises, and as well for large companies with average capitalization engaged in agriculture, food processing, tourism and manufacturing, as well as for exporters. The projects offered for financing should not entail environmental risks.
The maximum loan amount is AMD 1.5 B with 90-month maturity and an option of 30-month grace period for principal. No processing, encashment and origination fees are applied.
The financing can be used for acquisition of fixed assets and replenishment of working capital.
Unless the applicant meets the crediting requirements of the European Investment Bank, Converse Bank will discuss other methods of financing with the applicant.
For the terms and conditions, click here.
Converse Bank is supervised by the CBA.
Related news
- Campaign winners of Converse Bank got gold bars
- Converse Bank: Energy efficient building materials – what you need to know?
- Converse Bank paid coupons for AMD and USD bond
- Converse Bank: A success story - Under one roof
- Converse Bank’s experience was presented at the opening ceremony of Armenia-Argetine Chamber of Commerce in Armenia
- Converse Bank: A success story – green energy
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
17:02
Footballer killed by lightning strike at match in Peru
A football player in Peru has died and more have suffered injuries after being struck by lightning during a match on Sunday afternoon, the Daily...
Source Panorama.am
16:46
On the trail of a post about Lori shared by Georgian president
Georgian President Salome Zourabichvili shared on Facebook a post by a Georgian travel agency offering tours to Armenia’s Lori Province on...
Source Panorama.am
16:05
Parliament speaker names ruling party's candidate for Gyumri mayor
Armenia’s ruling Civil Contract party has picked Karen Sarukhanyan, a former governor of Shirak Province, as its candidate for the next...
Source Panorama.am
15:42
Pashinyan criticized for failure to congratulate Moldova's president on re-election
Artur Sakunts, a human rights activist who heads the Helsinki Citizens' Assembly-Vanadzor, on Monday criticized Prime Minister Nikol...
Source Panorama.am
15:07
Car crash in Armenia leaves one dead, three wounded
A tragic car crash in Armenia’s Aragatsotn Province on Monday left one person killed and three others injured.
The Rescue Service...
Source Panorama.am
14:36
Yerevan mayor says his 'good looks' could make him a target for corruption rumors
Yerevan Mayor Tigran Avinyan denied allegations of corrupt practices involving him as defamation.
“I guess my good looks...
Source Panorama.am
14:14
Putin to accept credentials from new Armenian envoy on Tuesday
Russian President Vladimir Putin will receive the letters of credence from 28 newly arrived foreign ambassadors, including Armenian...
Source Panorama.am
13:45
Legendary music producer Quincy Jones dies at 91
Quincy Jones, a titan of American entertainment who worked with stars from Frank Sinatra to Michael Jackson and Will Smith, has died aged...
Source Panorama.am
13:30
Rain expected in some parts of Armenia on Monday
Rain is forecast for some parts of Armenia on Monday, with snow set to hit the country’s mountainous areas.
Clear weather is expected...
Source Panorama.am
13:04
At least 10 killed after volcano erupts in Indonesia
At least 10 people have been killed after a volcano erupted in eastern Indonesia in the early hours of Monday, BBC News reports, citing local...
Source Panorama.am
12:46
ICRC visits Armenian prisoners held in Azerbaijan
Employees of the International Committee of the Red Cross (ICRC) visited Armenian prisoners held in Azerbaijan in October this year....
Source Panorama.am
12:26
Spanish king pelted with eggs in flood-hit Valencia
Angry residents booed and threw eggs at Spain’s King Felipe and Queen Letizia as they visited the Valencia region, where more than 200...
Source Panorama.am
12:10
Political analyst: Azerbaijan sitting on the twine
Political analyst Stepan Danielyan has weighed in on the latest developments regarding the Ukraine conflict.
In a social media post on...
Source Panorama.am
11:35
Tatoyan Foundation working to expose Azerbaijan's lies about Artsakh
Specialists of the Tatoyan Foundation are doing extensive work to expose the false Azerbaijani narratives about Armenia and Artsakh...
Source Panorama.am
11:16
Maia Sandu wins second term in Moldovan presidential election
Moldova's pro-Western incumbent president Maia Sandu has won a second term in a pivotal presidential runoff against a Russia-friendly...
Source Panorama.am
11:00
Trump reiterates support for Artsakh Armenians in phone call with Catholicos Aram I
Republican presidential candidate and former President Donald Trump on Friday phoned His Holiness Aram I, Catholicos of the Great House of...
Source Panorama.am
17:13
Public figure accuses Armenian authorities of attempting to intimidate him
Public figure Hovhannes Avetisyan, an expert in public finance management, accused the Armenian authorities of repression and crackdown on their...
Source Panorama.am
16:34
Iran's supreme leader threatens Israel and US with 'crushing response'
Iran’s supreme leader on Saturday threatened Israel and the U.S. with “a crushing response” over attacks on Iran and its...
Source Panorama.am
16:15
Armenia offers condolences to Serbia over tragic collapse at railway station
Armenia has extended condolences to Serbia following the tragic collapse at a railway station, which killed at least 14 people and...
Source Panorama.am
16:00
Armenian lifter Alexander Lazaryan crowned junior European champion
Armenian weightlifter Alexander Lazaryan bagged a gold medal at the European Junior and U23 Championships being held in Raszyn, Poland, from...
Source Panorama.am
15:36
Spiritual leaders urged to raise awareness on injustice against Artsakh Armenians ahead of COP29
His Holiness Catholicos Aram I of the Holy See of Cilicia, His Beatitude Catholicos-Patriarch Raphaël Bedros XXI of the Armenian Catholic...
Source Panorama.am
15:00
Showers possible in Yerevan on Sunday
Clear weather is expected in Armenia on Saturday and later next week.
Rain is forecast for some parts of the country on Sunday and Monday,...
Source Panorama.am
14:35
Catholicos Aram I, Ocampo discuss issues related to Artsakh
Luis Moreno Ocampo, the first prosecutor of the International Criminal Court (ICC), on Friday contacted His Holiness Catholicos Aram I by...
Source Panorama.am
13:53
Islam Makhachev vs. Arman Tsarukyan reportedly targeted for UFC 311 on January 18
Islam Makhachev vs. Arman Tsarukyan rematch is the only fight that makes sense in the lightweight division at the moment. The champ is running...
Source Panorama.am
13:27
Armenian Genocide denial risks new tragedies, MP warns
Opposition lawmaker Tigran Abrahamyan blasted Foreign Minister Ararat Mirzoyan’s latest genocide remarks as dangerous for Armenia’s...
Source Panorama.am
12:46
Urgent action needed to safeguard integrity of COP29 as fossil fuel influence looms large in Baku, report warns
We are days away from the start of COP29 in Azerbaijan. After previous hosts Egypt and the UAE, many had hoped for a more promising (and less...
Source Panorama.am
12:30
Armenian church marks Feast of All Saints
The Armenian Apostolic Church on Saturday celebrates the Feast of All Saints, also called All Saints' Day.
The day...
Source Panorama.am
12:01
Paris Masters: Khachanov through to semi-finals
Russian-Armenian Karen Khachanov won against Bulgarian Grigor Dimitrov, the No 8 seed, 6-2, 6-3 to move into the last four of Paris Masters at...
Source Panorama.am
11:30
Analysis: Aliyev's daughters reportedly control business empire worth over $13 billion
Michael Rubin, a senior fellow at the American Enterprise Institute and director of policy analysis at the Middle East...
Source Panorama.am
11:00
Armenia's Milena Khachatryan wins silver at U23 European Championships
Armenian weightlifter Milena Khachatryan grabbed a silver medal at the European Junior and U23 Championships being held in Raszyn, Poland, from...
Source Panorama.am
Videos
17:32 20/02/2023
Artur Vanetsyan: I think you'll see me more often at various events in future
17:35 20/02/2023
Armenian expert: U.S. stance on Karabakh remains unchanged
13:59 09/02/2023
Premature births increase in Artsakh due to stress
12:43 09/01/2023
Snow-covered Yerevan
15:41 15/12/2022
Gegham Stepanyan calls for sanctions against criminal Azerbaijan
11:45 29/11/2022
Memorial plaque honoring Yeghishe Charents inaugurated in Yerevan
