Yerevan
Tbilisi
Moscow
Paris
Los Angeles
Beijing
English
Հայերեն Русский
Main Timeline Video Share
May the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes Beneficiaries of the "By Your Side" program at IDBank AraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to Schools Big Christmas Market with Idram, IDBank and idplus Ucom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas Market Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board Ucom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten
Timeline
IDBank at the UBA Regional Conference: From Travel Solutions to Business OpportunitiesJoint statement by the parties consolidatted around the national agenda35% Discount for the 35th Anniversary on Selected IDBank CardsConverse Bank Expands Its International Capabilities Through Cooperation with Citibank N.A.Business loan pre-approval in five minutes — what did Unibank showcase in Gyumri?Converse Bank Expands Its International Capabilities Through Cooperation with Citibank N.A.Bratislava forum to debate Armenia’s strategic future Ucom Service Center in Artashat Reopens at a New Address Ucom and Republican Union of Employers of Armenia Sign Cooperation MemorandumCreate your Visa Digital from Unibank for purchases and transfers Ucom – Main Sponsor of the 21st International Microelectronics Olympiad IDBank and Idram Hold Financial Literacy Session for Young Chess PlayersUcom Supports Silicon Mountains 2026, Driving Innovation and Technological Development IDBank has issued perpetual coupon bonds for the first timeIDBank Supports the Reconstruction of the Spandaryan Canal: Commemorative Plaque Dedicated to the Project SignedIDBank and Idram Presented Several Environmental Initiatives at COP17Ucom Shares Its Experience in Private Sector Engagement in Nature Conservation at COP17 Blue Zone«Here’s the screenshot, the money has been transferred»: IDBank warns of fake payment scamsFirst Steps in Your Career with IDBank: 16th Cycle of IDream LaunchedDigital Architecture for a Sustainable Future: IDBank's Article in Regional Post Magazine
All Timeline »
Economics

Converse Bank Partners with IFC to Boost Trade Finance Capabilities

Converse Bank has secured trade finance line from the International Finance Corporation (IFC). The agreement was signed on June 16 in Vienna by IFC's Regional Industry Manager, Financial Institutions Group, Europe, Etleva Koka and Converse Bank's CEO, Chairman of the Executive Board Andranik Grigoryan. It aims at strengthening Bank’s support for importers and exporters in Armenia and enhancing the Bank’s capacity to facilitate international trade, improve access to global markets, and provide better financing solutions for its customers involved in trade worldwide. 

The collaboration reflects Converse Bank’s commitment to fostering economic growth through expanded trade opportunities and improved risk management.

 “With this new collaboration, IFC becomes one of Converse Bank’s key strategic partners in trade finance,” said Andranik Grigoryan, CEO, Chairman of the Executive Board of Converse Bank. “We are confident that this cooperation will enhance the Bank’s presence in the international trade finance market and position us as a trusted financial partner for businesses seeking to expand globally. This, in turn, will contribute to the development of Armenia’s business environment and economy.”

An IFC representative emphasized the organization’s ongoing efforts in Armenia in partnership with the local banking sector. These include also support for micro, small, and medium enterprises (MSMEs), initiatives to empower women entrepreneurs, as well as programs focused on green financing. 

“This new partnership with Converse Bank aims to strengthen trade finance in Armenia, a critical driver of economic growth and job creation,” said Etleva Koka, IFC's Regional Industry Manager, Financial Institutions Group, Europe. “By expanding access to global markets and supporting local businesses, this collaboration underscores IFC’s commitment to supporting Armenia’s sustainable development and economic resilience.”

Worth to be noted, this is the second cooperation agreement signed with Converse Bank in recent months. Under the previous agreement signed late last year, IFC provided an unfunded risk sharing facility that covers 50% of the credit risk on a loan portfolio of US$ 10 million equivalent, enabling Converse Bank to expand its lending capabilities to SMEs.