Monday, October 7 2013 21:06

Anelik Bank to start operating at a profit within the next 6 months


ArmInfo. Anelik Bank will start operating at a profit within the next six months, Nerses Karamanukyan, the newly appointed Chairman of the Board of Anelik Bank CJSC, said on Monday, when commenting on ArmInfo's question.

He said that the Bank is going to do that by reducing the intramural spending, including the operating expenditures, as well as by intensifying its services.

According to ArmInfo's Financial Rating of Banks of Armenia, in 2012 Anelik Bank registered a 1.5bln AMD loss against a 145mln AMD net profit in 2011. In Jan-June 2013 the bank reduced its loss to 1.1bln AMD. Its capital made up 13.4bln AMD, authorized capital 14.3bln AMD, assets 63.9bln AMD, loans 36.4bln AMD, liabilities 50.5bln AMD.

The sole owner of Anelik Bank is Credit Bank S.A.L. (Lebanon). Nerses Karamanukyan was appointed as Chairman of the Board on Sept 17 2013.
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