ArmInfo. Anelik Bank keeps expanding the spectrum of its retail services by offering a new product - "Fast Money" renewable loan. The Bank's press-office told ArmInfo, this is a renewable 6-month loan for 150,000 drams with a right of prolongation once in 6 months by as many months within up to 10 years. The annual interest rate is 24%, with no income certificate required. The cash is provided to the customer within 24 hours.
"The new credit product of Anelik Bank will meet demands of the customers who need fast money for repair, medical or travel needs, to buy goods or make other not big expenses. These needs of the people encouraged the Bank to create a flexible credit product accessible, convenient, and easy to redeem," says Astghik Martirosyan, the Head of the Public Relations Office at Anelik Bank.
According to the Financial Rating of Armenian Banks by the Agency of Rating Marketing Information (ArmInfo), as of 1 Jan 2016, Anelik Bank was among the TOP-10 in terms of personal time deposits and retail lending. The Bank is intensively extending the range of its retail products. In 2013, the Bank introduced the Simple Fast package and has already managed to launch several attractive and affordable types of consumer loans, regularly improving the lending terms and facilitating the mechanism of loan disbursement. By 2015, the retail arsenal of Anelik Bank included several loan products: "Wedding", "Festive", "Fast+", "Simple Fast Auto", etc., as well as a Simple Fast business loan for SMEs, with part of them being card loans. In 2015 the Bank also launched Simple Fast Universal card loans and a revolving line of credit. In early 2015, Anelik Bank raised the interest rate for AMD deposits (to 16-16.25%) and ensured high dynamics at the end of the year. 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.