YEREVAN, February 9. /ARKA/. Anelik Bank’s loan portfolio in 2015 increased by 5.33% to 61.738 billion drams, while the average figure across Armenian banking sector was only 0.69%, Ruben Melikyan, Chief Financial Officer of the Lebanese-owned bank and a member of its Board, said in an interview with ARKA news agency.
“We plan to increase our loan portfolio during 2016, including through introduction of more flexible and convenient products both for retail customers and micro and SME segment,” he said.
According to him, the share of overdue loans of the bank is controlled and “in this regard, there is no special anxiety or negative expectations.”
Anelik Bank established in 1990 is owned fully by Lebanese CreditBank S.A.L. In 2015 its assets grew by 5.5% from 2014 to 91.87 billion drams; its liabilities rose by 2.75% to 74.6 billion drams; its total capital surged by almost 20% to 17.2 billion drams; its authorized capital grew by 12.3% to 17.18 billion drams and its lending grew by 5.3% to 61.7 billion drams. ($ 1 – 494.63 drams). -0-
