Friday, June 13 2014 15:13

Anelik Bank launches a new retail loan for acquisition of tour packages


ArmInfo. Anelik Bank has launched a new retail loan for acquisition of tour packages. The press service of Anelik Bank has told ArmInfo that the amount of the loan is up to 1.5 mln AMD and it is provided for a 2-year period.

The source says that Anelik Bank cooperates with several travel agencies such as Happy Holiday, Blue Fly and Intercontinental. In the near future the Bank intends to expand the list of its partners, via which the customers will be able to acquire tours to the best destinations for vacation.

"Anelik Bank will continue introducing new retail loans, as well as new deposits and other banking products. The new loan will give the customers an opportunity to spend their vacation in any country they like", says Vardan Gevorgyan, Deputy Chairman of the Board, Retail Business Director at Anelik Bank. He points out that credit procedure will need no additional documents.

According to the Analysis and Financial Rating of Armenian Banks prepared by the Agency of Rating Marketing Information (ArmInfo), in Q1 2014 Anelik Bank increased its portfolio of consumer loans by 13.4% to 16.2 bln AMD and rose from the 10th position to the 9th position in the top 10. The share of consumer loans in the Bank's loan book is 34%.

To note, the sole owner of Anelik Bank is Credit Bank S.A.L. (Lebanon), which increased its stake from 89.95% to 100% in Q4 2013. The Bank has 12 branches (6 in Yerevan and 6 in the marzes).
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