YEREVAN, March 25. /ARKA/. Armenian Converse bank said it has revised prices of servicing its credit cards to make them more available to clients.

A press release by the bank said no commission will be charged for cash withdrawal by all debit cards, issued by Converse bank. The bank said also it will charge a 0.5% commission for all credit cards, except for Visa Business cards.

The press release said the bank had already lowered the prices for providing credit cards four months ago.

Converse Bank provides secure and reliable banking products at competitive rates along with the highest quality customer service in the market.  It was founded in 1993. Its shares are held by Advanced Global Investments LLC (95%) and the Armenian Apostolic Church (5%).

According to ARKA data, as of December 31, 2009 its assets stood at AMD 79 billion, liabilities at AMD 67 billion. The bank’s total capital stood at AMD 12.1 billion, credit investments amounted to AMD 40.9 billion and liabilities to clients to AMD 55.2 billion. ($1-394.40 Drams). -0-