Anelik bank increases its share capital

14.11.2016 13:36
Anelik bank increases its share capital

YEREVAN, November 11. /ARKA/. The Armenia-based Anelik Bank CJSC announced today a successful completion of additional share emission. The complete new stock of 405.511 shares was placed through closed subscription, the Bank said in a press release. The Bank has attracted a new shareholder and increased its share capital by AMD 21.8 billion.

‘The shareholders brought together a new Council of the Bank comprising experienced and senior market professionals. Based on the new partner’s experience, a new strategy will be introduced to develop the Bank into one of the leading players in the Armenian banking system,’ the press release said.

The Bank’s clients will be offered a refreshed lineup of banking products, based on best international practices, the clients’ expectations and frontier technological solutions, it said.

“The successful placement of additional shares demonstrated real investment interest toward the Armenian financial market and will enable further growth of the business in the near term”, said Vartan Dilanyan, the new Chairman of the Council.

At the end of September 2016 Anelik Bank’s capital  stood at  14.8 billion drams, of which 13.69 billion drams were authorized capital. The bank's assets were worth 145.1 billion drams, while its liabilities -130.2 billion drams.

In late 2014  Armenia’s Central Bank decided to raise the minimum amount of commercial banks’ total capital to 30 billion drams from the current 5 billion drams from January 1, 2017.

Anelik Bank was created in 1990. Today, the bank has two shareholders - FISTOCO LTD – 59.7% and Lebanese CreditBank S.A.L - 40.3%. ($ 1 - 477.34 drams). -0-

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