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-
