Monday, March 5 2012 18:34

In 2012 Anelik Bank is planning to increase its deposits by 30% and credits by 20%


ArmInfo. In 2012 Anelik Bank is planning to enlarge its deposit portfolio by 30% to 26bln AMD.

The press service of the bank reports that individual deposits will continue to prevail due to 28% growth to 23bln AMD.

The loan book will be enlarged by 20% to 45bln AMD.

"In 2011 we successfully developed and hope for progress in 2012," Head of Budgeting and Control Department of Anelik Bank Harutyun babayan said.

According to ArmInfo's Ranking of Commercial Banks of Armenia, Jan 1 2012 Anelik Bank's assets totaled 73.5bln AMD – 22.2% more than a year before. In 2011 the bank's loans grew by 37.6% to 40.9bln AMD, time deposits by 62% to 20.3bln AMD.

The majority shareholder of Anelik Bank is Lebanese Credit Bank (69.5%). The bank has 12 branches (6 in Yerevan).
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