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December, 2022
December 2022
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Converse Bank: SME lending has become more attractive
12/03/2021 19:29 0.1K

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.

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AMD Rates
10:30 03/12 Buy Sell
AMD / USD 395.00 397.00
AMD / EUR 408.00 417.00
AMD / RUR 6.27 6.55
dollars
dollars
CBA Rates
02/12/2022
USD / AMD
395.20
-0.15%
EUR / AMD
416.07
+4.15%
RUR / AMD
6.39
-0.07%
GBP / AMD
485.11
+5.08%
Cryptocurrencies
10:30 03/12
BTC/AMD
6,702,493
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16959.75
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1271.42
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BCH/USD
111.10
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0.394477
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77.03
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290.46
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0.099511
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ETH/BTC
0.07496671
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BCH/BTC
0.006550571
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XRP/BTC
0.00002326
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LTC/BTC
0.004541876
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BNB/BTC
0.017126489
+0.39%
DOGE/BTC
0.000005867
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CBA Metals
02/12/2022
dram / gram
Gold
22910.78
+622.40%
Silver
281.25
+7.21%
FOREX
11:06 03/12
EUR/USD
1.0538
+0.17%
GBP/USD
1.2287
+0.35%
USD/JPY
134.30
-0.64%
EUR/GBP
0.857
-0.23%
Oil
11:06 03/12
$ / barrel
Brent
85.57
-1.82%
Light Sweet
80.34
-1.25%
COMEX
11:06 03/12
$ / tr. oz
Gold
1811.40
-0.04%
Silver
23.36
+2.14%
Platinum
1025.30
-2.65%
LME / 3M
11:06 03/12
$ / tonne
Aluminium
2545.50
+2.43%
Copper
8450.00
+1.37%
Nickel
28862.00
+4.57%
Tin
23255.00
-0.33%
Lead
2202.50
+1.33%
Zinc
3079.00
-0.02%
Molybdenum
44841.97
+1.09%
Cobalt
51955.00
+0.00%
Indexes
11:06 03/12
point
Dow Jones
34429.88
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4071.70
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11461.50
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7556.23
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CAC 40
6742.25
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14529.39
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1107.55
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27777.90
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18675.35
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SSEC
3156.14
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CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
9.25
+0.00%
Lombard Repo
Lombard Repo Rate
10.75
+0.00%
Deposit
Deposit Rate
7.75
+0.00%
Macroeconomy
10/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
2,128.5
+9.9%
Export 1
Export
4,129.4
+71.2%
Import 1
Import
6,755.8
+63.5%
CPI
Consumer price index
+8.70
Avg. Salary 2
Average salary
226,621
+14.0%
Services 3
Volume of services
2,074.3
+27.90%
Construction 3
Volume of construction
360,764
+14.4%
1 - mln AMD, 2 - AMD, 3 - bln AMD