Sun, 6 April
19.1 C
Yerevan
USD: 391.22 RUB: 4.63 EUR: 431.28 GEL: 142.08 GBP: 508.39
spot_img

Bank Anelik to be back in profit again by end 2014

YEREVAN, September 4. /ARKA/. Bank Anelik intends to become profitable again by the end of 2014, chairman of the bank’s board Nerses Karamanukyan said.

Some profit is recorded on transactions, and August losses are 500 million drams compared to about 810 million at the end of June, Karamanukyan said.

Since 2012 Bank Anelik has suffered losses that totaled 1bln 464mln 505 drams at the end of 2012 and 1bln 444mln 239 drams at the end of 2013.

In order to rectify the situation the bank is taking measures some financial rehabilitation measures and is attracting new assets in particular. In September the bank is planning to replenish its capital by a billion drams, Karamanukyan said. Apart from this, some more branch offices will be opened in Yerevan and the provinces.

Bank Anelik was established on July 9, 1990, and got registered on October 1, 1991.
In October 1996, the bank received its license from the Central Bank of Armenia.

Back in July 2009 CreditBank S.A.L., one of the leading Lebanese banks, obtained 51% of Bank Anelik’s shares. CreditBank S.A.L. increased its share to 89.95% in 2012 and consolidated 100% of Bank Anelik’s shares in 2013.

As of the end of June 2014, the bank’s assets amounted to 69.2 billion drams (15.3% increase against the beginning of the year); liabilities were 56.9bln drams (21.3% increase), capital 12.3bln drams (6.2% reduction), loan investments 47bln drams (21.9% increase). ($1 – 410.73 drams) –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img