Anelik banks wins place among top five Armenian banks

YEREVAN, August 4. /ARKA/. Anelik Bank in Yerevan said it has improved its position in the banking sector of the country and now in terms of key indicators is among the top five banks. According to an Anelik Bank press release, its assets in the first half of the year amounted to 308 billion drams, an increase of 9% when compared to the beginning of the year. The bank’s liabilities increased by 8.32% to 183.2 billion drams.

“One of the great achievements of the bank was winning a place among the top five banks in terms of profit, which in the first half of the year was 2.4 billion drams. We expect our second half profit to be even higher, “said the acting chairman of the Board of the bank Ruben Melikyan.

According to him, the achievement was due to the effective use of free funds and attraction of new customers.

At the same time, he recalled that in the second quarter Moody’s Investors Service assigned the Anelik Bank a rating of long-term deposits in drams and foreign currency at B2 level with a stable outlook.

Bank Anelik was founded in 1990. It is now owned by FISTOCO LTD – 59.7% and Lebanese CreditBank S.A.L. – 40.3%. -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (June 8-14)

The week in Armenia's financial market was influenced by decisions by international financial institutions, currency dynamics, capital market data, and the debt agenda.

Core inflation in Armenia rose to 5% and continues its upward trend – WB

Core inflation in Armenia rose to 5% (y/y) in May, exceeding the headline inflation rate and continuing its upward trend, according to the World Bank's "Armenia Monthly Economic Update – June 2026."

Armenia to Raise Dividend Tax on Banks Starting in 2027

At its session on Thursday, the National Assembly of Armenia adopted amendments to the Tax Code and the RA Law "On State Duty" in the first reading.

Moody’s Ratings affirms Unibank’s B1 ratings with a stable outlook

Moody's Ratings affirmed Unibank B1 long-term local and foreign currency bank deposit ratings and maintained the stable outlook.

Armenian tomatoes will be exported to Europe

With the support of Acba Leasing, Prom Group purchased 20 brand-new Volvo trucks, which will be used to export high-quality Armenian tomatoes to Europe as early as July of this year.

LATEST NEWS

spot_imgspot_imgspot_img