YEREVAN, December 21. /ARKA/. The Yerevan-based Anelik Bank said last Friday it had increased its authorized capital stock by 1.88 billion drams.
It said the replenishment was made by the bank’s sole shareholder, the Lebanese-based Credit Bank SAL.
The bank said the funds will be spent on the implementation of its strategic program, maintaining the development momentum and increasing the package of services.
“The increase of the authorized capital past year by one billion drams and replenishing it this year by another 1.88 billion drams will enable Anelik Bank to expand the range of its services, to carry out a large-scale and diversified lending, to attract new customers and to expand its branch network,” a press officer of the bank, Astghik Martirosyan, is quoted as saying in a press release.
Anelik Bank was founded in 1990. The bank’s assets in late quarter 3, 2015 amounted to over 90 billion. Drams, a growth of 3.4% from the year before. Its liabilities grew by 5.5% to 76.6 billion drams. The bank suffered 1.2 billion drams worth losses in Q3, 2015, against a loss of 480.9 million drams in the same time span of 2014. ($ 1-481, 04 drams). -0-
