Tuesday, April 13 2010 17:57

Anelik Bank intends to increase crediting within frames of international programs


ArmInfo. Anelik Bank is going to ensure 35 bln AMD credit portfolio by the end of 2010, having increased it by 38% as compared with 2009.

First Deputy Chairman of Board of Anelik Bank Bagrat Chzmachyan told ArmInfo correspondent that as of early April 2010 the credit portfolio of the bank amounted to 25.8 bln AMD, having grown by 6% as compared with the beginning of 2010. According to Chzmachyan, the growth in the credit portfolio will be ensured due to not only crediting at the expense of its own funds and funds of the bank's constant partners - international companies, but also thanks to the resources of new international structures. "In this connection, we are already negotiating with serious donor organizations to attract credit resources, moreover, we are expecting to attract $15-20 mln from each investor",- stressed Chzmachyan. He added that Anelik Bank and its shareholder Lebanese Credit Bank have recently launched a business co-financing project, which will also considerably contribute to the growth of the bank's credit portfolio.

According to Chzmachyan, the expected credit resources will be directed to financing of mostly small and medium-sized business, whose share currently exceeds 50% of the bank's credit portfolio.

Anelik Bank was founded on 9 July 1990 and registered on 1 October 1991. The bank received the general license from the Central Bank of Armenia in October 1996. In mid 2009 the Lebanese Credit Bank acquired 51% of the shares of Anelik Bank.
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