Export Insurance Agency of Armenia and Converse Bank signed memorandum on cooperation
ArmInfo. Armenian Export Insurance Agency (AEIA) and Converse Bank CJSC signed a memorandum on cooperation to implement a program aimed at increasing the production of economic entities resident in Armenia, export development and
expansion of sales markets.
The development of the economy in Armenia, the development of
competitive products in international markets, support for exports
are one of the most important areas of Converse Bank's business.
Within the framework of the Memorandum, Converse Bank will provide
financial resources to RA resident companies for replenishment of
working capital, under a simplified procedure and affordable interest
rates. These funds can be used for both production of goods and
post-export stages. A pledge for financing is not required -
insurance certificates issued by AEIA will be accepted as a means of
securing the loan, "said Arthur Hakobyan, Converse Bank Chief
Executive Officer." I am convinced that as a result of cooperation
with Converse Bank, the demand for AEIA services will grow even more,
which will be contribute to increasing the competitiveness of
exporters and expanding export opportunities, "said Executive
Director of AEIA Armen Shahnazaryan in his turn.
Converse Bank provides a full range of banking services: loans,
deposits, payment cards, investment and custodial services, remote
services, online payments, etc. As of 30.09.2017 the Bank's assets
are 233.5 billion AMD, liabilities - 198.6 billion AMD, and total
capital - 34.9 billion AMD.
JSC "Export Insurance Agency of Armenia" was founded in 2013by the
decision of the Government of the Republic of Armenia with the aim of
encouraging exports by small and medium-sized enterprises and
increasing the availability of financial resources for them.