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
Simple Talks: A Fresh Take on Finance with AraratBank Ameriabank Won in 4 Categories at AMX Awards 2026Idram Becomes a Partner of “Little Mher”Unibank has launched instant transfers by phone number Unisport Crowned Armenian Futsal Premier League ChampionOn May 30, "Unisport" will compete for the title of the Armenian championWith IDBank’s Support, Ian Gillan and Tony Iommi Awards Established at Gyumri Music School No. 6An unforgettable day instead of toys: June 1st guide from Idram&IDBankUnibank Issues Perpetual Bonds with a 13.25% Annual Yield for Shareholders IDBank Presented It’s Vision for Social Responsibility at Impacture 2026Unibank will not increase fixed-adjustable interest rates on loans secured by real estate Ucom General Director Ralph Yirikian Participated in the Impacture 2026 Conference“We are switching you to 5G, type a command”: IDBank warns about a fraud disguised as a “network update”Ucom and staff.am Bring Together Armenia’s Business Leaders at Executive Offsite Vol.1 Ameriabank and ADB Signed a $100 Million Agreement to Expand Micro, Small, and Medium-Sized Enterprise and Green Finance in ArmeniaLove Is… card from Unibank can win a trip to Paris Learn by Playing. A Series of Financial Literacy Games with Idram, IDBank and “Novosti-Armenia”Ucom and the Microsoft Innovation Center Collaborate on Cybersecurity EducationUnisport – Armenian Futsal Cup holderSummer starts with iced coffee, what if it brings bonuses too? Idram&IDBank
All Timeline »
Society

Moody’s rating agency has upgraded Converse bank’s rating

Moody’s upgraded Converse bank’s BCA to b1 from b2 and affirmed the bank’s long-term deposit ratings at B1. The rating agency also upgraded the outlook on the B1 long-term deposit ratings to stable. 

The stable outlook on Converse bank's long-term deposit ratings reflects Moody’s view that the bank will maintain its sound fundamentals over the next 12-18 months.

Commenting, Grant Akopian, Converse bank’s CFO said: “The upgrade of Converse bank’s BCA and stable outlook reflects the bank’s strengthened asset quality and capital adequacy and is a testament to the efficiency of the measures and the work we have done amid the present challenging environment for the banking sector. We remain committed to delivering robust financial performance, improving our liquidity and assets quality metrics”.   

According to Moody’s report, the upgrade of Converse bank's BCA and Adjusted BCA to b1 from b2 is driven by the bank's strengthened capital adequacy, profitability, and liquidity over the last two years. The upgrade of the bank's long-term CRRs to Ba3 from B1, and the upgrade of the long-term CR Assessment to Ba3(cr) from B1(cr) follows the BCA upgrade.

The full Moody’s report can be accessed at the following link.

Converse Bank is supervised by the CBA.