GENERAL INFORMATION

The bank was established in 1993 as a “North Armenian” shareholding bank. In 1997 it was reorganized as “Converse Bank” CJSC.

The bank participates in a number of loan programs: World Bank (“Small and Medium Business Development” project financing / “Agricultural Reforms” project financing), the U.S. Department of Agriculture (“Marketing Support Financing” project), Armenian-German Fund (Small and Medium Business project financing), the International Fund for Agricultural Development - IFAD (development of rural enterprises and small trade).

The shareholders of the bank are: "Advanced Global Investments" LLC – 95%, Mother See of Holy Etchmiadzin Catholicosate – 5%.

As of 31March 2010: total capital - 12 638 208 thousand dram, the assets - 80 037 106 thousand dram, the liabilities - 67 398 898 thousand dram.

Bonds in circulation

Converse bank 1
Class	Coupon bond
Total volume, currency	300 000 000, AMD
Nominal value, currency	30 000, AMD
Quantity	10 000
Coupon yield	10,64%
Coupon Payment Frequency	Quarterly
Exchange Abbreviation	CVBKB1
Placement starting date	16.12.2008
Placement conclusion date	26.12.2008
Listing Date	26. 01.2009
Redemption Date	16.12.2011
Tier	Bbond
ISIN	AMCVBKB21ER5
Additional information	The total volume of the issue makes 1.5bln AMD, the placement of which is planned to occur in the form of a few tranches, first of which will make 300mln AMD.