On November 29, representatives of Converse Bank met with representatives of the business community of Armenia. At the event, held in partnership with the BSCOSMO Entrepreneurs Club, the Converse Markets online platform and the proposal to attract investments by issuing bonds were presented.
Grigory Zakaryan, Director of the Investment Department of Converse Bank, welcomed the participants, spoke about the history of the bank and significant events, and then spoke about digital transformation, business financing and comprehensive support tools.
Grigory Zakaryan, in particular, said: “Currently, Converse Bank offers its corporate clients a wide range of financing instruments: from lending, leasing to trade finance, letters of credit and factoring. For several years, the Bank has adopted a strategy of conducting investment banking business, within the framework of which it offers a wide range of investment opportunities: from brokerage activities, bond issuance to solutions for converting digital currency. The list of offers will gradually expand.”
“Converse Markets is a modern digital solution, a modern daily method of converting foreign currency, which allows the client to get an effective exchange rate, compare it with the exchange rates provided by various banks, and make an effective decision,” said Ani, Head of the Dealing Center, introducing the platform to Nazaryan’s business representatives.
He noted that in addition to conversion, it is also possible to make a request for a rate, apply for an exchange, get information on spot prices on the foreign exchange market, and gradually access to business will expand.
Then another service of the bank was mentioned: attracting financing through the issue and placement of bonds, expanding access to capital markets.
Helen Karimyan, Head of Corporate Investment Banking Services at Converse Bank, presented the possibility of cooperation in this matter and outlined the reasons for choosing this method of attracting financing. “The immutability of the terms of the company’s obligations during the specified period, independence from the Bank’s financing, the absence of collateral and surety, etc. It is noteworthy that the entire process of issuance and placement is organized by the Bank.”
It was emphasized that in case of listing of bonds on the Armenian Stock Exchange, issuers will receive state support.
Bank representatives answered questions from participants and discussed cooperation opportunities.