Finance

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May, 2021
May 2021
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Converse Bank: SME lending has become more attractive
12/03/2021 19:29

Converse Bank: SME lending has become more attractive

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.

In parallel, SMEs can raise up to 200 million AMD in funding within a period of up to 180 months within the framework of the campaign launched by the Bank.

SME comprehensive support, including competitive lending, has always been in the focus of Converse Bank as evidenced by the Bank’s achievements and performance indicators for corporate financing. In addition to services in the Bank’s branches, comprehensive banking and consulting services are also provided to small and medium-sized enterprises in the Bank’s SME Support Center.

Details: www.converesebank.am

The oversight of the Bank is exercised by the Central Bank.

Ucom - broadband connection starting at AMD 6,000
AMD Rates
10:50 06/05 Buy Sell
AMD / USD 520.00 523.00
AMD / EUR 624.00 627.00
AMD / RUR 6.94 7.11
dollars
dollars
CBA Rates
06/05/2021
USD / AMD
521.45
+0.41%
EUR / AMD
628.19
+2.73%
RUR / AMD
6.99
+0.02%
GBP / AMD
725.65
+1.72%
Cryptocurrencies
10:50 06/05
BTC/AMD
28,213,028
-0.65%
BTC/USD
54164.16
-0.65%
ETH/USD
3236.08
-1.27%
BCH/USD
1052.76
-2.37%
XRP/USD
1.42
-0.70%
LTC/USD
326.03
-1.84%
ETH/BTC
0.05994003
-0.32%
BCH/BTC
0.01956158
-1.68%
XRP/BTC
0.00002613
-0.23%
LTC/BTC
0.00600039
-1.23%
CBA Metals
06/05/2021
dram / gram
Gold
29879.43
-236.16%
Silver
440.84
-8.53%
Platinum
20470.07
-436.21%
FOREX
08:57 06/05
EUR/USD
1.1999
-0.21%
GBP/USD
1.3893
-0.14%
USD/JPY
109.39
+0.10%
EUR/GBP
0.8635
-0.07%
Oil
08:57 06/05
$ / barrel
Brent
69.07
-0.45%
Light Sweet
65.70
-0.73%
COMEX
08:57 06/05
$ / tr. oz
Gold
1789.30
+0.38%
Silver
26.61
-0.26%
Platinum
1226.30
-1.35%
LME / 3M
08:57 06/05
$ / tonne
Aluminium
2428.00
+0.00%
Copper
9958.50
+0.00%
Nickel
17885.00
+0.00%
Tin
29004.00
+0.00%
Lead
2179.50
+0.00%
Zinc
2970.50
+0.00%
Molybdenum
25353.00
+0.00%
Cobalt
45165.00
+0.00%
Indexes
08:57 06/05
point
Dow Jones
34230.34
+0.29%
S&P 500
4167.59
+0.07%
NASDAQ
13582.42
-0.37%
FTSE
7039.30
+1.68%
CAC 40
6339.47
+1.40%
DAX
15170.78
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1535.67
+2.20%
Nikkei
29331.37
+1.80%
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1927.40
+1.54%
Hang Seng
28637.46
+0.77%
SSEC
3441.28
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CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
6.00
+0.00%
Lombard Repo
Lombard Repo Rate
7.50
+0.00%
Deposit
Deposit Rate
4.50
+0.00%
Macroeconomy
03/2021
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
470.41
-3.9%
Export 1
Export
572.9
+3.4%
Import 1
Import
936.4
-8.7%
CPI
Consumer price index
+5.2
Avg. Salary 2
Average salary
190,493
+0.8%
Services 3
Volume of services
403.98
-8.1%
Construction 3
Volume of construction
48.78
+1.0%
1 - mln AMD, 2 - AMD, 3 - bln AMD