Sun, 7 September
32.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Anelik bank unveils new loan product for individual customers

YEREVAN, October 3. / ARKA /. The Yerevan-based Lebanese-owned Anelik Bank has unveiled a new loan product today designed for individual customers. The loan called “Simple and Fast” is to be secured by gold, the bank said in a press release.

The maximum amount of a loan is 8 million Armenian drams or $50,000. The interest rate is 14% per annum. The ratio between a loan and a collateral is 110%.

“Customers who will use this type of loan will be provided with payment cards without annual service fee and no minimum account balance requirement,” Armen Hambardzumyan, the head of retail operations department, was quoted as saying.

Anelik Bank was founded in 1990. Lebanese Credit Bank SAL acquired 51% of the bank in 2009. In 2012 its shares rose further to 89.95% and in 2013 it became the full owner of the bank.

As of April 1, this year the bank’s assets stood at 63.65 billion drams, the liabilities – at 51.1 billion drams, credit investments – at 42.8 billion drams and the capital – at about 12.6 billion drams. ($ 1 407.68 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

“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.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

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

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

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img