The Nor Nork branch of Anelik Bank will operate at a new address

ArmInfo. On July 10 in Yerevan, in the administrative district of Nor Nork, at the address Gay 17/1, a solemn ceremony of opening the branch of Anelik Bank Nor Nork was held, which previously operated in the same administrative district at the address: Moldavian 27a.

"The current location of the Nor Nork branch will help attract more customers. Previously, it operated in a hard location, which was the main reason for moving the branch to a crowded point," said Chairman of the Board of Anelik Bank Nerses Karamanukyan, explaining that the total number of subdivisions in the Nor Nork branch is 13, of which 7 are metropolitan.

Answering the question of ArmInfo, he stressed that most likely this year the Bank does not envisage the opening of new subdivisions, but the existing branches of Anelik Bank at Baghramyan Ave. in Yerevan and the regional branch in Gyumri will be reconstructed.

For his part, member of the Board of the Central Bank of Armenia Oleg Aghasyan noted: "During the 27 years of its activity, Anelik Bank provided quality services, thanks to which it managed to expand the client base. Today the Bank plays a special role in Armenia's banking system, in which the share of Anelik is 14%." A. Aghasyan stressed that the Bank is very active in the card business market and in providing retail services.

Speaking about retail business, in a conversation with ArmInfo correspondent N. Karamanukyan noted that next year the Bank will actively develop the segment of retail services, in particular, by launching new co-branding products. In this regard, he stressed that the Bank intends to increase its retail portfolio by 30% annually.

The head of Nor Nork administrative district Armen Ulikhanyan, the partners of Anelik Bank, visitors and other high-ranking guests were also present at the opening ceremony. The branch of Nor Nork will operate from Monday to Friday from 09:15 to 16:45.

According to the Financial Rating of Armenian Banks prepared by IA ArmInfo, the volume of credit investments of the Bank Anelik increased by 3.6 times in 2016 - up to 218.8 billion AMD, of which retail crediting accounted for about 13% or 27.7 billion AMD. Such growth of the loan portfolio allowed the bank to increase assets in the reporting year by 3 times - up to 283.5 million AMD. As a result, the share of the loan portfolio in the structure of the bank's assets increased from 68% to 77%. Net profit increased by 5.3 times to Anelik Bank for 1.2 billion AMD in 2016. (The calculated exchange rate of the AMD as of 31.12.2016 was 483.94 AMD/USD1).

To remind, Anelik Bank has been operating on the market since October 1996. After the additional share issue in November 2016, the membership of the Bank's shareholders changed - the entry of the Cypriot company FISTOCO LTD with a stake of 59.68% reduced the share of the former shareholder represented by the Lebanese Bank CreditBank S.A.L from 100% to 40.32%. Indirect majority shareholders are physical persons: Tarek J. Khalefe (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD).