YEREVAN, September 16. /ARKA/. The authorized capital stock of Anelik Bank cjsc has been increased by the stockholder, Lebanese CreditBank, by another 1 billion drams.

The bank’s press office reported that the respective decision was made back in May.

The new funds will be used to implement the bank’s strategic program, to maintain the current development pace and to expand the services package.

The replenishment enables the bank implementing more large-scale and diversified crediting, expanding the range of its services, attracting new clients and expanding the network, head of the board Nerses Karamanukyan said.

Karamanukyan expressed hopes the bank will make new achievements and implement more ambitious and promising programs with the support from one of the biggest Lebanese banks, the CreditBank.

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 is fully owner by the 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 AMD 13.3 billion and loan portfolio was AMD 47 billion.  ($1 – AMD 409.6). -0-