Fri, 16 January
-7.9 C
Yerevan
USD: 379.42 RUB: 4.83 EUR: 441.46 GEL: 140.79 GBP: 509.18

In 2011 Anelik Bank recorded significant increase in terms of almost all indicators

YEREVAN, February 24, /ARKA/ In 2011 Anelik Bank recorded a significant growth in terms of almost all indicators, Babik Najaryan, deputy board chairmanб told ARKA. He said the largest growth was registered in the number and volume of deposits.

More specifically, the amount of deposits attracted last year surged by more than 12 billion drams, of which 10 billion drams were individual deposits. In 2011 the bank provided loans equivalent to $70 million, the bulk of which were business loans.

“But despite these figures, the bank closed the year with a small profit, which was due to some problems of our partners. Because of that the bank had to make unplanned redundancy. However, we hope to resolve this problem in 2012-2013,’ he said, adding that after eliminating these setbacks the bank will earn higher returns.

Anelik Bank was founded in 1990. Some 69% of its shares is owned by Lebanese CreditBank S.A.L., Samvel Chzmachian owns 12.25%, Armen Kazarian -6% and Galina Voronina-12.25%.

O December 31, 2011 its total assets were worth 73.5 billion drams, liabilities stood at 58. billion drams, the total capital was 15.5 billion drams, credit investments stood at 39.5 billion drams and deposits at over 35.9 billion Drams. In 2011 the bank earned 145.9 million drams in net profits. In 1997 it created Anelik money transfer system that is available now in 90 countries. -0-

spot_img

POPULAR

Market capitalization increased by 6.29% in December to approximately 467 billion drams – Armenia Stock Exchange

 Armenia Stock Exchange (AMX) has summarized the trading activity for December 2025. During the month, a dynamic trading environment has been maintained, highlighting growing investor confidence and market activity.

Ministry of Finance has identified cases in which the 2% cashback will not be awarded for payments made with ArCa cards

The Armenian Ministry of Finance has clarified which non-cash transactions made with ArCa payment system cards will not be eligible for cashback.

Armenia approves amendments to agreement on automatic exchange of financial account information

During a meeting on Thursday, the Armenian government gave its approval to a draft law that ratifies the amendment to the Multilateral Agreement of Competent Authorities regarding the "Automatic Exchange of Financial Account Information," which was signed on October 14, 2014.

Euro and U.S. dollar decline against Armenian dram

The average market exchange rate for the US dollar to the Armenian dram on the Armenian foreign exchange market as of January 9, 2026, fell by 0.18 points compared to January 8, to 381.21 drams.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img