Thursday, June 23 2011 19:13

Over Jan-May 2011 portfolio of individuals' time deposits at Anelik Bank grew by 25%


ArmInfo. Over Jan-May 2011 the portfolio of individuals' time deposits grew by 25% or by 2.7 bln AMD to 13.7 bln AMD. The press service of the bank told ArmInfo that in May alone this index rose by 650 mln AMD.

According to Head of Customer Service Department of Anelik Bank Gayane Malkhasyan, the given growth was conditioned by not only the launch of the "Vacation" deposit attraction campaign from May 5 till August 3 at the interest rate of up to 12% p.a. with an opportunity to win two tours to Paris, but also by other types of deposits, for instance, "Reliable" and "Accumulative" (since Sep 1 2010) at the interest rate of 12.1% and 12.3% respectively.

In addition, the bank allows the depositor to receive an interest amount of the relevant month in case of full or partly closure of the deposit account. All depositors receive Visa and MasterCard plastic cards without annual service. "In total, the growth in time deposits of individuals is conditioned by the public confidence in Anelik Bank, to which we attach great significance", said Malkhasyan.

To note, Anelik Bank has been operating in Armenia since 1990. By the time deposits of individuals it is on the list of the top ten banks. In the structure of time deposits of Anelik Bank the share of individuals' deposits made up over 90%. In Q1 2011 the portfolio of time deposits of the bank grew by 13%, and as compared with the same period of 2010 - by 40%.
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