Tuesday, August 11 2015 12:47

Ahead of its 25th anniversary Anelik Bank is offering a new AMD deposit - "Anelik 25". The new product offers high yield and hedging from currency fluctuation risks. The bank's press-office has informed ArmInfo that the deposit interest rate does not exceed 12% rate per annum, the minimum deposit should make 500 thsd AMD.  

Anelik Bank Development Director Hayk Mkirtchyan says this deposit is a very convenient product for Anelik customers who have USD savings and would like to place them in a deposit, which would ensure hedging from currency fluctuation risks. Anelik clients can convert their savings into AMD and place the money in an AMD deposit at the rate 12% per annum. 

According to ArmInfo's Financial Rating of Armenian Banks, Anelik Bank's general obligations grew 30.1%  as compared to July 2014 to 74.1 billion drams as of July 1 2015. Call liabilities and time deposits of customers accounted for 66% of total with a 29% year-over-year in the absolute terms, mainly thanks to the growth of the private time deposits.

 Time deposits grew 31.2% to 42.5 billion drams, with private time deposits growing 35.5% y-o-y. 

To note, in Feb 2009 CreditBank S.A.L. became a shareholder of Anelik Bank 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, the Moscow-based Anelik RU branch was alienated from Anelik Bank. Later Credit Bank S.A.L. received the rights to own Anelik RU.