Thu, 26 June
21.1 C
Yerevan
USD: 385.29 RUB: 4.92 EUR: 447.17 GEL: 141.47 GBP: 524.23

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-

spot_img

POPULAR

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.

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

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