YEREVAN, April 8. / ARKA /. Armenian Anelik Bank intends to increase its credit portfolio in 2011 by at least 11 billion Drams, or 40%, to  41.5 billion Drams, the press service of the bank said in a press release.

According to the press release,  at the end of 2010 the bank’s credit portfolio stood at 29.7 billion Drams, by 5.3 billion Drams more than in 2009. The growth in 2010  amounted to 21.6%. The bank said also that in parallel with stepped up activities aimed at lending to the real sector of the economy in 2011, it will also step up lending to individual customers. It says  that by improving internal procedures, the bank seeks to simplify the process of granting loans, as exemplified by  student loan, that takes one day to be approved.

Bank Anelik was created  in 1990. Its shareholders are CreditBank SAL (51%) Samvel Chzmachyan - 12.25%, Artur Arakelyan - 12.25%, Armen Ghazarian - 12.25%, Galina Voronina - 12.25%.

As of December 31, 2010 the bank's assets  stood at 60.1 billion Drams, the liabilities stood at  44.4 billion Drams, the total capital  at 15.7 billion Drams, credit investments  at 29.7 billion Drams, liabilities to clients  at 24.7 billion Drams, and the net profit for 2010 amounted to 535.5 million Drams. It has 10 branches. -0-