Converse Bank is the best Trade Finance Provider 2022 in Armenia according to Global Finance

YEREVAN, DECEMBER 29, ARMENPRESS. (Converse Bank Press Release) Once again Converse Bank has been presented with an honorable award by the prestigious international magazine- Global Finance.

"We are pleased to announce that for the third consecutive year, Converse Bank is recognized as theBest Trade Finance Provider in Armeniaby Global Finance, maintaining its leading position and proving the role of the best partner bank of the country in this sphere.Our achievements in trade finance have also been honored by other reputable international organizations and leading banks, including our long term partners Commerzbank AG and European Bank for Reconstruction and Development (EBRD).The latter fortwo years running awarded Converse Bank with “Deal of the Year- Green Trade” award..The Bank will stay adherent to providing comprehensive corporate financing to its customers, strengthening its position of a long-term and reliable partner in the sphere“,said Grant Akopian, Chief Financial Officer of Converse Bank.

"This honorary award received from Global Finance greatly encourages us.But at the same time, we feel committed to maintainthe high quality of services provided to our customers in the sphere of trade finance in line with high level cooperation with our international partners due to which our work receives recognition by this prestigiousmagazine,alongside withsuch leadingbanksas Citibank, Commerzbank, BNP Paribas, Intesa SanPaolo, RaiffeisenBankInternational, UniCredit, etc.", -saidNelli Kocharyan, Head of International Relations and Trade Finance at Converse Bank.

"Currently Converse Bank offers its customers a wide range of financial services, comprised of traditional lending facilities, trade finance products and target funding through international borrowings. The Bank provides business loans to both start-ups and established companies to acquire fixed assets and replenish working capital, to develop and promote import and export,working out a special product for each type of financing,"said Sargis Khachatryan, Director of Corporate Business Department of Converse Bank.

TheGlobal Finance press release on theresults of the awards isavailable athttps://www.gfmag.com/media/press-releases/press-release-worlds-best-trade-finance-providers-2022-4.

Converse Bank is supervised by the Central Bank of Armenia.