Saturday, October 4 2014

 Anelik Bank continuers to diversity its retail lending products Simple-Fast, introducing a new gold-secured personal loan Simple-Fast.  According to the source, the loan amount is up to 8 million drams or $50,000, the annual interests start at 14%. The loan amount will count for 110% of the collateral value.

"The borrowers will be granted a payment card free of annual service payments and minimal balance on the card account," says Armen Hambartsoumyan, Retail Operation Development Division at Anelik Bank.  According to him, the Bank will keep introducing new accessible and attractive banking solutions to further promote the consumer lending and increase the portfolio of retail loans by 46.2% by the end of the year, which is one of the Bank's goals. 

By data of the Financial Rating of Armenian Banks prepared by ArmInfo News Agency, Anelik Bank ensured a significant growth of consumer lending, and retail lending, in general, in the banking market due to introduction of a series of new retail loans. The bank's consumer loans grew by 35% for the first half of 2014 (amid 28.5% of decline in the market) and personal loans grew by 40% (amid 8.2% growth in the market). In Q2 2014 consumer lending grew 19% and personal lending - 21%, with a 48.5% and 53.3% year-over-year growth, respectively. Due to aggressive but well-thought introduction of a number of accessible and demanded retail loans. Anelik Bank's portfolio of consumer loans amounted to 19.3 bln drams as of 1 July 2014 bringing the bank to the Top Ten banks in Q1 2014. In Q2 2014 the bank retained its position among Top Ten banks.

The sole owner of Anelik Bank is Credit Bank S.A.L. that increased its share in the bank from 89.95% to 100% in Q4 2013.