Anelik Bank's deposit portfolio grows 50% in third quarter

02.12.2014 20:00
Anelik Bank's deposit portfolio grows 50% in third quarter

YEREVAN, December 2. /ARKA/. Anelik Bank's deposit portfolio grew 50% in the third quarter of this year, compared with the same quarter a year before, to AMD 39 billion, the bank's press office reports.

According to the report, the growth was mainly due to increase in numbers and amounts of individuals' time deposits.

Astkhik Martirosyan, the bank press secretary, said that this shows the growing confidence in the bank.
«Confidence in the bank is due to its more than 25-year activity, its individual approach to clients and its high-quality services,» she said.

Martirosyan said that introduction of Summer deposit and the raffling of two trips to Hurghada contributed as well to this growth.

Martirosyan said that the number of individual depositors rose more than 22% in the third quarter of this year.

Anelik Bank CJSC was established on July 9, 1990 and registered on October 1, 1991.
In July 2009, Credit Bank S.A.L., one of Lebanon’s largest banks, bought 51% of Anelik Bank’s shares and became its general 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 totaled about AMD 73.3 billion by September 30, 2014 after growing 22.11% since the beginning of the year, credit investments AMD 48 billion (a 24.4% growth), its liabilities AMD 59.7 billion (a 27.16% growth) and liabilities toward clients AMD 43.1 billion (29.8% growth).

The bank’s capital amounted to AMD 13.6 billion (3.97% growth).

In the third quarter of this year, Bank Anelik accounted for losses totaling AMD 480.9 million against AMD 141.1 million in 2013. ($1 – AMD 433.69). -0---


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