Tue, 10 June
19.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Anelik Bank plans to open two new branches

YEREVAN, October 6, /ARKA/. Anelik Bank will open two new branches this year, its board chairman Samvel Chzmachian said to ARKA today. He said one branch will open in Yerevan and the second in Sevan, in Gegharkunik province. He said the branches are actually ready and will be opened once the staff’s training is over.

Asked to comment on government projections for this year he declined to make forecasts , but added that they are quite feasible. He said although the economy is back on recovery track, but the aftereffects of the crisis that hit severely Armenia last year are not yet completely overcome.

On September 30 the total assets of Armenian banks stood at 1.370.6 trillion AMD, rising by 1.05% from January 1, 2010. The volume of credit investments in the first six months rose by 8.77% year-on-year to 797.4 billion AMD. The banking sector’s profits were said to increase by 245% year-on-year to almost 15 billion Drams.

Some 51% in Anelik is owned by Lebanese CreditBank S.A.L., Samvel Chzmachian owns 12.25%, Arthur Arakelian- 12.25%, Armen Kazarian -12,25% and Galina Voronina-12.25%. The bank has 10 branches. O September 30 Anelik Bank’s total assets were worth 54. billion Drams, credit investments rose to 28. billion Drams. In the first half of the year it earned 266.9 million Drams in net profits. The bank has 10 branches in Armenia. ($1- 360.76 Drams).  -0-

spot_img

POPULAR

Euro and ruble exchange rates to the Armenian dram fell, the dollar rose

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian currency market as of June 6, 2025, increased by 0.06 points compared to June 5 and amounted to 383.46 drams.

Mechanism to stimulate cashless payments to be developed in Armenia

On Friday, the Armenian government held a meeting on issues related to stimulating cashless payments in the country.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Acba Bank contributed to the construction of a modern sports ground in Goris

In the “Haghtanak” park of Goris, a sports ground that meets modern standards was built in cooperation with Acba Bank, the Hayastan All-Armenian Fund and the Goris City Hall, the bank’s press service reported.

Acba Bank and NABU launch free 2025 program for organic agriculture development

Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img