Thu, 30 October
8.1 C
Yerevan
USD: 382.62 RUB: 4.79 EUR: 445.68 GEL: 140.96 GBP: 505.75

Anelik bank’s deposits increase by 3.2 billion drams

YEREVAN, June 12. /ARKA/. Armenian Anelik Bank said today its deposits increased by 3.2 billion drams in March, April and May of this year coming from about 1000 depositors. The bank said in a press release that individual savings deposits increased by 13 percent or 2.5 billion drams.

“Thanks to an advertising campaign to promote a deposit called ‘Convertible” the bank recorded a significant increase in the total amount of its deposit portfolio, even after the bank decided in March to lower the interest rate on USD deposits,” Stepan Arzumanian, deputy head of analysis and risk evaluation division of the bank, was quoted as saying. According to him, the growth was generated also by other deposit products.

“Over the past year, the deposit portfolio of the bank increased by 6.4 billion drams or 42.5%,” he 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%. ($1-412.52 drams. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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

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

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“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