Eduardo Eurnekian, buys The Conversebank.

Not that this matters to the international audience, but Eduardo Eurnekian - who happens to be the businessman in question - already operates Zvartnots Airport.

The press service of the bank reports that the new owner intends to continue the bank's normal activities and upgrade the quality of services. It will not be difficult to make the Conversebank Armenia's best bank because a number of international organizations have recognized it as one of the leading banks in the country, Eurnekian said.

Eurnekian's strategic policy will be aimed at promoting business development in Armenia, creating new jobs, applying up-to-date technologies and ensuring the bank's long-term development.

The press release aside, we may be witnessing the emergence of a new businessman in Yerevan. Let's see if that prediction comes true.