In the next two years the sole shareholder of Anelik Bank will enlarge its capital in order to meet the Central Bank's new minimum capital requirement (30bln AMD), the bank's CEO Nerses Karamanukyan told journalists on Monday.
He said that this can be done due to accumulated profit. "Last year the bank started working at profit and is going to continue like that in the years to come," Karamanukyan said, noting that last year the bank increased its capital by 1bln AMD.
Karamanukyan said that today the bank complies with all the CB's requirements. He does not rule out the possibility of mergers or acquisitions in Armenia's banking sector. "But whatever happens, it will happen by the decision of our shareholders," the banker said.
As of Jan 1 2015 Anelik Bank's capital made up 14.4bln AMD, authorized capital 15.3bln AMD, net profit 335mln AMD.
The sole owner of Anelik Bank is Credit Bank from Lebanon.
According to ArmInfo's Rating of Banks of Armenia, as of Oct 1 2014 the aggregate capital of 21 Armenian banks totaled 449.3bln AMD.
Starting from Jan 1 2017 the CB's requirement for minimum capital will be 30bln AMD against 5bln AMD today.