Converse Bank CJSC informs that the Bank declared about a fraud case to the Armavir marz Investigation Department of the RA Police. The fraud case was disclosed during regular auditing in Armavir and Metsamor branches of the bank. In line of certain customers there was found out mismatch in real quantity of gold with registered quantity of gold/dimaond pledged as security to loans.

Converse Bank CJSC hereby confirms that except of the subject fraud case, there are not detected any other cases of non-conformity with borrowers, the gold collateral is in proper state and is under reliable custody and control of the Bank.