YEREVAN, July 1. / ARKA /. The outstanding credit portfolio of Anelik bank has increased by 5.8 billion drams or 20% over the first five months of this year reaching 35.3 billion drams, the bank told ARKA. It said the portfolio saw almost a billion drams growth in April and May.

Hayk Grigorian, head of Anelik bank’s department in charge of lending, said the growth was due to consistent business lending, as well as resumed consumer loans.

According to him, the Bank again provides the full range of lending products: car loans, loans for the purchase of goods, mortgages, student and other consumer loans.

"In 2011 Anelik Bank plans to increase the volume of lending by 11 billion drams, bringing the total credit portfolio to 41 billion drams,’ Grigorian was quoted as saying in a statement sent to ARKA.

Some 51% of Anelik is owned by Lebanese CreditBank S.A.L., Samvel Chzmachian owns 12.25%, Arthur Arakelian- 12.25%, Armen Kazarian -12,25% and Galina Voronina-12.25%. The bank has 10 branches.

In 1997 Anelik introduced its own payment and settlement system "Anelik", which now operates in 63 thousand service points in over 90 countries worldwide. Anelik Bank is the only bank in Armenia that has a subsidiary bank in Russia - "Anelik Ru". The Bank cooperates with almost all international credit programs effective now in Armenia.  -0-