YEREVAN, January 23. /ARKA/. Armenian Bank Anelik said its loan portfolio increased by 30% in 2011 or 8.7 billion drams from 2010 to a total of 38.3 billion drams.
“Anelik Bank recorded significant progress on almost all major types of loans in 2011, which is an indication of an effective credit strategy, based on effective marketing strategy and analysis of existing demands,’ Hayk Grigoryan, head of a department, was quoted as saying in a bank’s press release.
According to him, the emphasis was placed on business lending, which grew by 21% during 2011. The amount of car loans increased by one billion drams. Mortgage loans were said to have grown by 1.3 billion drams to overall 2.4 billion drams. Consumer loans were said to have also risen.
“In 2012 Anelik Bank will introduce new types of loans at flexible terms that will enable customers to implement their plans,” Hayk Grigoryan said.
Bank Anelik was created in 1990 Its shareholders are CreditBank SALs – 69.5%, Samvel Chzmachyan – 12.25%, Galina Voronina – 12.25% and Armen Kazarian – 6%. In 1997 it created its own payment and settlement system Anelik, which now operates in 90 countries. ($1-387.59 drams). -0-
