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Funding and additional services for women

Funding and additional services for women

12.08.2021 - Converse Bank has launched a campaign within the framework of the EBRD "Women in Business" program. Within the framework of the campaign, startups and operating businesses are offered funding to replenish working capital, acquire fixed assets and repay accounts payable. А grace period is envisaged for startup businesses. Scope of beneficiaries includes female sole proprietors, or legal entities in which at least 50% of the shareholders or direct final beneficiaries are women. The beneficiaries of the campaign will benefit from a range of banking products on preferential terms. In particular, for legal entities and sole proprietors - opening and maintaining current accounts, providing Internet-Banking service, servicing payment cards through POS terminals for the first year, etc. will be offered free of charge.

Converse Bank has reduced the interest rate on project lending

Converse Bank has reduced the interest rate on project lending

09.08.2021 - Converse Bank has revised the terms of loans refinanced by the National Mortgage Company, reducing the lending rate by 0.5% for some groups. The condition for the advance payment amount was also revised: from now on, the customer can make an advance payment of 10% of the purchase price, and submit an insurance certificate for 20%. The offer is available to cardholders of Converse Bank and users of Mobile Bank application. For almost 4 consecutive years, Converse Bank has been one of the leaders in Armenia in terms of loan portfolio refinanced by the National Mortgage Company and under Affordable Housing for Youth program. This has been made possible due to flexible loan policies and competitive lending conditions. The bank tracks the market trends and regularly reviews lending terms, offering customers competitive financing terms.

Converse4Women - comprehensive support for Converse Bank female borrowers

Converse4Women - comprehensive support for Converse Bank female borrowers

14.06.2021 - Converse Bank, under a loan agreement with the European Bank for Reconstruction and Development, has attracted another tranche of $ 1 million in loans under the Converse4Women package. Within the framework of the package, both start-ups and existing businesses are financed for working capital, acquisition of fixed assets or repayment of accounts payable for a period of up to 7 years, on competitive terms. It can be used by individual entrepreneurs - women, legal entities where at least 50% of shareholders, or ultimate beneficiaries with direct or indirect participation are women. Free financial consulting services as well as banking products on preferential terms are provided to businessmen, entrepreneurs engaged in trade, service, production, tourism and agriculture sectors.

One more type of Converse Bank lending made available on the SME online lending platform

One more type of Converse Bank lending made available on the SME online lending platform

30.04.2021 - Converse Bank has expanded the list of lending products for small and medium-sized enterprises (SMEs), now available on the online platform: https://sme.conversebank.am/. Small and medium-sized businesses now have the opportunity to obtain loans within the framework of the Bank’s Bridge Online lending product, to replenish working capital or finance short-term liquidity. Bridge Online lending is one of the best short-term financing instruments for small and medium enterprises, which differs from other similar products on the market primarily with its flexibility. It allows the customers to plan their income and, accordingly, choose the repayment period: the shorter the repayment period, the lower the interest rate.

Online lending to small and medium-sized businesses is now available on the Converse Bank website

 Online lending to small and medium-sized businesses is now available on the Converse Bank website

27.04.2021 - Converse Bank announces the launch of an online platform for lending to small and medium-sized enterprises (SMEs): https://sme.conversebank.am/ The launch of the platform is another step towards comprehensive banking and consulting services for our SME clients. Last year, after having assessed the requirements of the bank's corporate clients, Converse Bank established a designated center for financing small and medium-sized enterprises in Armenia, where entrepreneurs can not only use complex banking services, but also benefit from the consulting support to launch and develop their business. At this stage, with the launch of an online platform for lending to small and medium-sized enterprises, Converse Bank invites entrepreneurs to fill out a loan application by following a few simple steps from the link above, thus saving time on visiting the bank.

SME lending has become more attractive

SME lending has become more attractive

12.03.2021 - Converse Bank has launched a comprehensive package of credit products for the rehabilitation and development of small and medium enterprises (SMEs), significantly improving the terms of some types of loans and launching an SME lending campaign. Within the framework of lending products, Converse Bank offers SME enterprises fast lending without income analysis and within a short period of time, with the purpose of replenishing the working capital, acquiring fixed assets and repayment of accounts payable. In particular, within the framework of "Converse Fast" lending product, the Bank offers its customers short-term loans without collateral in the amount of up to 20 million AMD, at a competitive interest rate. For Converse Blitz, longer loan repayment period is envisaged, up to 60 months, at a maximum amount of 30,000,000 AMD or equivalent foreign currency. Preferential lending conditions apply for the bank's current customers.