Thursday, June 12 2014 16:00

Anelik Bank guarantees 12% p.a. stable yield rate for maternity capital account holders


ArmInfo. Anelik Bank guarantees a 12% p.a. stable yield rate for the maternity capital account holders. The press service of Anelik Bank has told ArmInfo that under the agreement signed with the Armenian Ministry of Labor and Social Affairs, Anelik Bank pays noncash lumpsum government grants for birth, opening of an account and servicing of the account.

The source says that the holders of these accounts, if served at Anelik Bank, get an opportunity to accumulate the funds received from the state to further use it upon completion of 18 years. Before the 18- year-old age, the maternity capital can be spent on repayment of a mortgage loan, insurance expenses, education of children.

"To recall, the funds of the maternity capital are transferred to the specified account for the third and following babies born on 1 Jan 2014 and after that. To open a maternity capital account, one can apply to the head office or any branch of Anelik Bank", says Hayk Mkrtchyan, Deputy Chairman of the Board, Business Development Director at Anelik Bank CJSC. He also points out that the opening and servicing of the accounts are free of charge.

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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