Anelik Bank launching second stage of lending for corporate clients with tender interest rate

04.10.2017 13:52
Anelik Bank launching second stage of lending for corporate clients with tender interest rate

YEREVAN, October 4. /ARKA/. Anelik Bank is embarking on the second stage of the program of lending for corporate clients with a tender interest rate, the press office of the bank reported on Tuesday.

In July, Anelik bank is the first bank in Armenia to offer a lending product with a tender interest rate to corporate businesses.

The sizes of the loans range from $50,000 to $250,000. The loans are provided for 60 months at a 7.7% minimum annual interest rate, and maximal rates are determined by tender participants.

The bank intends to lend $1 million at the second stage.

To take part in the program it is necessary to submit a loan application to the bank before October 25, 2017. It is also necessary to match the solvency criteria set by the bank, to have a good credit history and to propose a preferred interest rate in a closed letter.

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.

Today the bank’s stocks are owned by FISTOCO LTD – 59.7% and "CreditBank S.A.L." – 40.3%. --0---


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