YEREVAN, December 13. /ARKA/. Armenian Anelik bank said its portfolio of individual deposits surged by 57% in the first 11 months of the outgoing year or 6 billion drams to 17.2 billion, According to a bank’s press release, the portfolio grew by about 15% or 2.1 billion drams over the last two months alone. Deposits in dram were said to have grown by 107% to 4 billion drams as of November 30.

Armen Arevyan, head of the bank’s department in charge of public relations and advertising, was quoted as attributing the unprecedented growth to the trust of customers in the bank, not to high interest rates because other banks offer even higher rates.

He said the main difference between Anelik and other banks is that all depositors of Anelik Bank are allowed to take back their deposits or part of them at any time and receive also the interests.

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Tags: Bank Anelik, Deposits, Portfolio

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UCO “Farm Credit Armenia” plans in 2012 to increase its credit portfolio and leasing operations to 70%, said General Director of UCO Armenia Gabrielyan.

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Tags: Armenia, Credit, Farm Credit Armenia, Portfolio, UCO

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Total loan portfolio of Farm Credit Armenia amounts to 2.26 billion drams.

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Tags: Armenia, Farm Credit, Portfolio

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Investment portfolio of Armenian banks grows by 4.7% in quarter three to 126.4 billion drams.

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Tags: Armenia, Banks, Portfolio

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Araratbank’s loan portfolio has grown 38.67% or by AMD 9.8 billion since the beginning of this year, reaching AMD 35 billion by late September.

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Tags: Araratbank, Portfolio

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Credit portfolio of the branches of the banks in Karabakh as of November is 53.6 billion drams.

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Tags: Credit, Karabakh, Portfolio

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Investment portfolio of Eurasian Development Bank (EDB) in 2011 in Armenia reached $80 million.

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Tags: Armenia, EDB, Portfolio

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Outstanding credit portfolio of Armenian banks increase by 2.9% to 1.179.3 trillion drams.

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Tags: Armenia, Portfolio

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ACBA-Credit Agricole Bank accounts for more than 50% of total outstanding agricultural loan portfolio

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Tags: ACBA-Credit Agricole bank, Portfolio

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Areximbank-Gazprombank Group’s outstanding credit portfolio grows by 2.4% to 63.8 billion drams.

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Tags: AREXIMBANK, Credit, Portfolio

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