Tuesday, December 13 2011 19:06
Anelik Bank increases AMD deposit portfolio of individuals by 107%
ArmInfo. Over Jan-Nov 2011 Anelik Bank increased the deposit portfolio of individuals by 57% or by 6 bln AMD to 17.2 bln AMD. The press service of the Bank told ArmInfo that over the past two months this portfolio grew by 15% or by 2.1 bln AMD.
According to the Bank, over Jan-Nov 2011 the AMD deposits of individuals in the structure of the deposit portfolio grew by 107%, and over the past two months - by 20%, or by 0.6 bln AMD. "Such growth rates are not conditioned by the high interest rates, as there are offers at even higher interest rates in the market. The growth rates are conditioned by the confidence of customers, advertising campaign of the Bank and correct development of the product. The Bank offers various types of deposit services. At the same time, the deposits of Anelik Bank have an important advantage: all the depositors have the right to take back their deposits or part of them if necessary and maintain the interest for the relevant month", said Armen Arevyan, Head of Advertising and PR Department of Anelik Bank.
He said that the growth of the deposit portfolio was mostly due to three types of deposits: "Reliable", "Trustworthy", and "Vacation". In case of the "Reliable" deposit, the annual interest rate for the AMD deposit reaches 12.5%, and for the USD deposit - 9%. At the same time, the depositor can open an AMD account for a month at the rate of 6% p.a.
Unlike the "Reliable" deposit, the "Trustworthy" deposit can be replenished. Its minimum amount is 40 thsd AMD, and the interest rate is up to 12.3% p.a. (for AMD deposits). If the deposit account is opened for a year and more and if the amount of the deposit is doubled before the expiry of the 2/3rd of the period indicated in the contract, the depositor receives the interest at the end of the period and the Bank raises the interest rate by 0.1% for the rest of the period.
As regards the "Vacation" deposit, the depositors receive an opportunity to win a tour to Greece for two people. Each next deposit worth 100,000 AMD (or the same amount in foreign exchange) gives an additional chance to the depositor to win the tour.
The majority shareholder of Anelik Bank is Credit Bank (Lebanon) with a 69.5% stake.
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