Anelik Bank, constantly updating and expanding the range of financial instruments in accordance with the requirements of customers, offers a new card service - revolving (renewable) credit lines of up to 5 million drams or 15 thousand. Dollars / euros. According to the press service of the bank, the revolving credit facility is available in six fold amount of the net monthly income of the borrower. The limit of the credit line does not exceed 5 million Drams or 15 thousand Dollars / euros
According to the source, the interest rate on a credit line of AMD is 24% per annum, on dollar - 20%, on EUR - 16%. The maturity of the whole amount of the credit line expires by the expiry term of the card - up to 5 years, depending on the type of card - ArCa local or international Visa and MasterCard. At the time of submission of the application the borrower's age must exceed 18 years. By the time of full repayment of the loan the borrower's age shall not exceed 60 years. "Upon making of a non-cash transaction in the current month by revolving card credit line, the customers will have a grace period of repayment of the credit line up to the 15th date of next month. The process of lending is fairly simplified. We took into account the interests of consumers and enabled the use of a revolving line of credit not only to clients with positive credit history but those who do not have a credit history. I am sure that such privileges will find great resonance among customers who can solve their current problems of everyday life through the revolving card credit lines provided by the bank"- said Astghik Martirosyan, the responsible for public relations of the Anelik Bank, adding that the revolving credit line is provided by any cards issued by bank.
For more information please visit http://www.anelik.am/
By data of the Financial Rating of Armenian Banks prepared by ArmInfo News Agency as of July 1 2015, in the structure of assets of Anelik Bank the share of loan portfolio is about 71% or 62.1 billion drams. In annual terms, credit investments of the bank increased by 31% (in terms of the fourth position, while the average market growth of 11.3%). The retail loan portfolio at that date amounted to 29 billion drams (46.7% of total credit investments of the bank) with the entry in the top ten. According to an annual growth rate of the retail loan portfolio Anelik Bank took the first position - 61.5%, while the average market growth of 10.7%.
To note, the sole owner of Anelik Bank is Credit Bank S.A.L. with capital share of 51% by that time. In Q4 2013 Credit Bank S.A.L. increased its share in the bank from 89.95% to 100%. The Moscow DB AnelikRu has been alienated from Anelik Bank with further transfer of ownership rights to the Lebanese Credit Bank S.A.L.