By late Q3 2015, Anelik Bank will replenish its authorized capital by 2 bln AMD. Nerses Karamanukyan, Chairman of the Board of Anelik Bank has told ArmInfo that the authorized capital will be increased by means of direct investment by the sole owner - Credit Bank S.A.L. (Lebanon). He said that in a year and a half the total capital of the Bank will be increased to 30 bln AMD - the new total capital standard that comes into force on 1 January 2017.
"In 2014, the sole owner of Anelik Bank replenished the authorized capital of the Bank by 1 bln AMD via direct investment. This allowed the Bank to demonstrate profit at the yearend of 2014. We have a year
and a half to cover the accumulated losses, start operating at a profit and increase the capital to the level of the new standard. I think Anelik Bank will be able to gain profit even in 2015. We are working hard in this direction," says Karamanukyan.
He added that Anelik Bank will keep actively developing the retail lending segment, increasing its loan book.
According to the Financial Rating of Armenian Banks by the Agency of Rating Marketing Information (ArmInfo), as of 1 July 2015, the total capital of Anelik Bank CJSC was 13.7 bln AMD (including 1.9 bln AMD accumulated loss with a 17% yoy decline). The Bank's assets totaled 87.8 bln AMD (27% yoy growth), with over 70% of this amount being the lending (31.4% yoy rise). In terms of retail lending, the bank is among the top ten with 29 bln AMD (about 47% of the loan book), with a 61.1% yoy rise. In terms of consumer lending, the Bank is also among the TOP-10. The sole owner of Anelik Bank is Credit Bank S.A.L. (Lebanon), which increased its stake in the Bank from 89.95% to 100% in Q4 2013.