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Anelik bank’s loan portfolio grows by 41 percent to 62 billion drams

YEREVAN, April 30. / ARKA /. Yerevan-based Anelik Bank said today its loan portfolio surged by 41.2% to 62 billion drams for the first three months of this year from the year before. The bank’s overall deposit portfolio surged by 24%, while individual deposits saw a more than 30% rise.

The bank also issued 4,466 banking cards in the first 3 months of 2015, by 12% more than in the same period in 2014.

Astghik Martirosyan, a press office for the bank, said in a press release that the bank closed the first quarter of year with quite good results for its loan and deposit portfolios.

She also said the bank’s customer base increased by 40% from the year before to more than 76,000 people, which she described as ‘the best indicator of increased confidence in the bank.’

“This year we celebrate the 25th anniversary of the bank. During these years we have achieved tangible success. Thus, in 2014 the total deposit portfolio of the bank amounted to 51.2 billion drams, including 40 billion drams individual deposits. The bank’s loan portfolio grew to 60 billion drams at the end of 2014”, she said.

The bank’s assets grew by 0.14% from the beginning of the year to about 87.1 billion drams; its liabilities grew by 0.88% to 73.3 billion drams; the capital declined by 3.56% to 13.8 billion drams; credit investments upped by 4% to 60.9 billion drams and liabilities to clients fell by 1.63% to 47.7 billion drams. ($ 1 – 476.42 drams).

Anelik Bank established in 1990 is owned now fully by Lebanese CreditBank.-0-

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