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

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 drams.

World Bank forecast inflation in Armenia at 4.6% in 2026: key factors identified

The World Bank forecasts inflation in Armenia at 4.6% by the end of 2026, up from 3.3% a year earlier, said Armine Manukyan, Senior Economist at the World Bank.

Moody’s Upgrades Unibank’s Rating Outlook to Positive and Affirms B1 Long-Term Deposit Ratings

Moody’s Ratings has affirmed Unibank’s long-term deposit ratings at B1, as well as its b2 BCA and Adjusted BCA.

VTB (Armenia): “Stable” Deposit – Up to 10% Per annum and Opening via Mobile App

Retail clients of VTB (Armenia) can open a "Stable" deposit at a rate of up to 10% per annum when deposited in the national currency for a term of 12 months.

Moody’s Raises Acba Bank Rating Outlook

Moody's, the international rating agency, simultaneously raised the outlook on Armenia's sovereign credit rating and changed the outlook on Acba Bank's Ba3 long-term deposit and issuer ratings from "stable" to "positive."

LATEST NEWS

spot_imgspot_imgspot_img