Anelik Bank ensures significant growth of deposit and loan portfolios at Q3 end

Anelik Bank ensured significant growth of its deposit and loan portfolios at the end of Q3 2015 - 28% and 20.7% respectively. As the Bank's press-service reports, the portfolio of time deposits exceeded 55 billion AMD by October 1, 2015, with their vast majority being personal time deposits - 40 billion AMD with a 35% year-over-year growth. 

The Bank's loan portfolio amounted to 63 billion AMD by October 1. In its structure, the retail credits totaled about 29 billion AMD, registering a significant (53%) year-over-year growth.

"Anelik Bank showed high indicators at the end of Q3 2015, increasing its deposit and credit portfolios.  The significant growth of the time deposits was determined by both the increased number of new depositors and the growth of current deposits. The results show that the Bank's deposit products have high demand among the population due to dynamic and profitable terms. The significant growth of personal deposits is of especial importance, as this testifies to the customers' growing trust in the Bank", PR representative of "Anelik Bank" CJSC Astghik Martirosyan said.

To recall, CreditBank S.A.L. became Anelik Bank's shareholder in Feb 2009 with a 51% stake. In Q4 2013, CreditBank S.A.L. became the sole owner of Anelik Bank by increasing its stake from 89.95% to 100%. In December 2012, AnelikRu (Moscow) was alienated from Anelik Bank and CreditBank S.A.L gained ownership of AnelikRu.