YEREVAN, March 17. /ARKA/. Anelik Bank has resumed extending loans to individuals for purchasing goods in installments on more beneficial terms, the bank's press office reported on Thursday.

The bank will extend these loans for maximum three years at 21% annual interest rate.

The bank lends money for purchasing goods in installments at interest lower than market rates.

“A borrower will have money in one or two days after submission of all the necessary papers,” the press office quoted Hayk Grigoryan, the chief of the bank’s division in change of lending, as saying.

The bank added this service to its credit products, such as car purchase crediting, mortgage lending etc.

Anelik Bank was established on July 9, 1990, and registered on October 1, 1991.

In October 1996, the bank received its license from the Central Bank of Armenia. CreditBank S.A.L. holds 51% of the bank’s shares, 12.25% belong to Samvel Chzmachyan, 12.25% to Arthur Arakelyan, 12.25% to Armen Ghazaryan and 12.25% to Galina Voronina. Anelik Bank has 11 branches.-0---