YEREVAN, June 13. / ARKA /. Yerevan-based Anelik Bank has announced today a new type of loan designed specifically for tourists. The loan amount is up to 1.5 million drams and is repayable in 24 months. The money should be used to buy a package of tourism services, it said.

The Bank said the list of its partners includes travel agencies such as Happy Holidays, Blue Fly and Intercontinental.

Vardan Gevorgyan, director of the bank’s retail business unit, was quoted as saying in a press release that the new loan will be interesting to its customers enabling them to organize their vacations in their preferred locations. According to him, the loan application is processed very quickly and without many documents.

Anelik Bank was created in 1990 and registered in 1991. In July 2009, Credit Bank S.A.L., one of Lebanon’s largest banks, bought 51% of its shares to become its largest shareholder. In 2012, the share of CreditBank S.A.L. in Anelik Bank grew to 89.95%, and in 2013, it became the sole shareholder.

The bank's assets as of April 1, 2014 stood at 63.65 billion drams, liabilities  at 51.1 billion drams, credit investments at 42.8 billion drams, and the capital at about 12.6 billion drams. In the  first quarter of 2014 it posted 503.3 million drams in losses, up 35 percent from the first quarter of 2013. ($ 1 - 411.75 drams). -0-