Sat, 6 September
27.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Bank Anelik to sponsor monument illumination project in Yerevan

YEREVAN, November 16. /ARKA/. Bank Anelik said it will sponsor a project designed to illuminate downtown Yerevan monuments to the great Armenian composer Aram Khachaturyan and the main characters of a famous movie called The Men. The project includes also a monument called Hands of Friendship, which is a donation of Italy to Armenia.

“Every resident of Yerevan must make his or her own contribution to improving their city, neighborhood and environment,” Bank Anelik CEO, Samvel Chzmachyan was quoted as saying.

He said Bank Anelik which positions itself as a city bank, could not remain indifferent to this project, initiated by the Yerevan Municipality.

“Participation in such programs will allow any organization, including our Bank, to take active part in solution of problems which affect many residents of the city,” said Chzmachyan, expressing hope that the project will make Yerevan one of the best illuminated cities in the region.

Bank Anelik was registered in 1991. Some 69.51% of Anelik is owned by Lebanese CreditBank S.A.L., Samvel Chzmachyan owns 12.25%,, Armen Kazarian -6% and Galina Voronina-12.25%. The bank has 12 branches in Armenia. It is the only Armenia-based bank which has a subsidiary in Russia. It also cooperates with all major loan programs in Armenia. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img