Tuesday, November 8 2011 16:40
Over Jan-Sep 2011 Anelik Bank increased its credit portfolio by 34%, deposits of individuals - by 37%, and assets - by 12.7%
ArmInfo. Over Jan-Sep 2011 Anelik Bank considerably increased its indices: credit portfolio - by 34%, deposits of individuals - by 37%, assets - by 12.7%. The press service of Anelik Bank told ArmInfo that as of 1 October 2011 the assets of the Bank amounted to 67.78 bln AMD, credit portfolio - 40 bln AMD, deposits of individuals - 15.1 bln AMD.
According to the source, over Q3 2011 the credit portfolio of the Bank grew by 4.4 bln AMD. As of 1 Oct 2011, the Bank's liabilities amounted to 52 bln AMD. The y-o-y growth in the individuals' deposits made up 5.6 bln AMD or 60%.
The Ranking of the Commercial Banks of Armenia as of 30 Sept 2011 by ArmInfo says that as compared to the same period of 2010, the assets of Anelik Bank grew by 28.7%, credit portfolio - almost by 50%, liabilities - by 40.2%, time deposits - by 60.2%, individuals' deposits (call deposits and time deposits) - by 51% mostly due to almost twofold growth in time deposits. In the credit portfolio of the Bank about 77% fell on lending to economy (41% y-o-y growth), and the annual growth in individuals' loans was 68.5%. By the volume of lending to economy, Anelik Bank is among the top leading banks.
To note, the majority shareholder of Anelik Bank is Credit Bank (Lebanon) with 69.5% share participation. As of 1 Oct 2011, Anelik Bank had 12 branches, half of them in the regions.
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