19.01.2015 19:34
YEREVAN, JANUARY 19. / ARKA /. Yerevan-based Anelik Bank CEO Nerses Karamanukyan said today the Lebanese-owned bank closed last year with a net income of 335 million drams after sustaining losses for two years in a row.
Speaking to a news conference he said the profit before tax stood at 538 million drams. He said this figure compared to more than 1.4 billion drams in losses the bank incurred in 2013.
According to Karamanukyan, the bank's assets grew last year by 45% to 87 billion drams, up from 60 billion drams in 2013; its liabilities grew by almost 55% to have reached 72.6 billion drams, while its loan portfolio surged by almost 50% to 58.6 billion drams.
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