YEREVAN, September 5. /ARKA/. Anelik Bank offers SIMPLY-QUICKLY PROGRESS, a new type of loans, to its clients, the bank’s press office reported on Friday.

The loan is extended only in US dollars. The bank lends no more than $2,000 for 60 months at 16.8% annual interest rates ranging from 5% to 16.3%. No income evidence is required.

Vardan Gevorgyan, the bank’s director in charge of retail transactions, is quoted in the press release as saying that the development of new credit products is based on the bank clients’ proposals.

The advantage of this type of credits is that no income evidence is required for lending.

“If you want to purchase household appliances or furniture, to embark on a trip or to repay your home, Anelik Bank will help you in implementing your plans,” Gevorgyan said.

The bank continues increasing its consumer lending and intends to build up its retail loan portfolio 46.2% this year.

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

In October 1996, the bank got its license from the Central Bank of Armenia.

Anelik Bank’s shares belong to Lebanese CreditBank.

The bank’s assets totalled AMD 69.2 billion in late June 2014 (a 15.3% growth since the beginning of the year) and liabilities AMD 56.9 billion (a 21.3% growth). Its capital amounted to 12.3 billion (a 6.2% reduction) and loan portfolio AMD 47 billion (a 21.9% growth). ($1- AMD 410.15). --0--