Converse Bank launched an action - the deposit "Autumn" at a rate of 9-9.5%, with the possibility of a 90% credit limit and CashBack in the partner network
ArmInfo.Converse Bank launched an action - a dramatic deposit "Autumn" at an annual nominal rate of 9%, or 9.5% - in the case of depositing funds through the Internet Bank system. As ArmInfo was told in the press service of the Bank, the deposit term is set at 12 months, after which a one-time payment of interest is made. The minimum deposit amount is 100 thousand drams. The promotion is valid until November 30 this year.
According to the source, customers who have opened a deposit account in the amount of AMD 200,000 or more will receive Visa Classic, MasterCard Standard, MC Woman, Visa Gold, MasterCard Gold, Visa Platinum and Visa Infinite payment cards free of charge. In addition, they will be offered a credit limit of up to 90% of the amount of their deposit. Investors participating in the action will also be able to use 10% CashBack in the Bank's partner network.
Upon the expiration of the Deposit period "Autumn", the term of the agreement will be extended at the client's will on the basis of the deposits "Progress" or "Daily", acting in the Bank at the moment. Detailed information on the deposit "Autumn" can be found at https://conversebank.am/ru/autumndeposit/ According to the Financial Rating of the Armenian Banks as of July 1, 2017, prepared by the IA ArmInfo, Converse Bank increased its term deposits portfolio by 37% to 92.2 billion drams. Moreover, the main growth came from the time deposits of individuals - by 21% per annum to 50.1 billion drams. In the total liabilities of Converse Bank, the share of term deposits exceeds 52%. The first half of 2017 the Bank completed with a net profit of 1.5 billion drams, with an annual growth of 53.1%. It should be reminded that Converse Bank has been operating in the Armenian market since September 1996. As of July 1, 2017, the Bank's shareholders are Advanced Global Investments LLc (hand-Eduardo Ernekian) - 80.94%, HayPost Trust Management B.V. - 14.06%, the Cathedral of the Mother See of Etchmiadzin - 5%.