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Converse Bank's Owner Is An American Company

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  • Converse Bank's Owner Is An American Company

    CONVERSE BANK'S OWNER IS AN AMERICAN COMPANY

    Noyan Tapan
    Feb 05 2007

    YEREVAN, FEBRUARY 5, NOYAN TAPAN. The owner of Armenian Converse
    Bank's control packet of shares is the Advanced Global Investments
    LLC American company, which, according to the company's report, is
    controlled by Argentine Armenian businessman Eduardo Ernekian. Five
    percents of Converse Bank shares was donated by one of bank's former
    owners to the Mother See of Holy Etchmiadzin.

    The Mother See will continue to manage this share.

    After the bargain of bank's sale E.Ernekian said: "Currently we have a
    stable and mighty bank and we plan to develop it for even more in the
    future." In his words, Converse Bank provided a skilful and retrained
    staff to the Advanced Global Investments LLC and E.Ernekian is going
    to keep this staff.

    To recap, the bargain of Converse Bank's sale was implemented on
    January 31.
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