OREANDA-NEWS. November 15, 2007. The Conversebank’s branch in Echmiadzin plans an action of issuing VISA CLASSIC plastic cards on November 14 - December 15.

The bank’s press service reports that all the individuals that will open accounts at the bank during this period will receive free VISA CLASSIC cards. The balance on the card accounts will be 3,000 AMD for the individuals. Legal entities will be able to open accounts without effecting any payments for the minimum balance requirement.

The new branch will provide a full range of banking services and meet the international quality management standards ISO 9001:2000.

An official opening of the Echmiadzin branch of the Armenian Conversebank took place on November 14, 2007.

The Conversebank was incorporated on December 20, 1993. In February 2007, the Argentina-based Armenian businessman Eduardo Eurnekyan became full owner of the bank.

By September 30, 2007, the bank’s assets had amounted 45,4bln AMD, total capital 10,7bln AMD, net profit 1,1bln AMD (in January-September 2007), balance profit on the capital account 6,7bln AMD (on September 30, 2007). By September 30, 2007, the bank’s authorized capital had reached 1,3bln AMD.