Anelik Bank has enlarged its Simple Fast package by having introduced a Simple-Fast Auto card loan.
The press service of Anelik Bank reports that this service allows borrowing up to $10,000 or 2mln AMD by means of ArCa, Visa or MasterCard upon the security of a car with no need for an income certificate.
According to Anelik Bank's PR manager Astghik Martirosyan notes that retail lending remains a priority for the bank.
In Aug and Sept 2014 the bank introduced two new credit products: Extra, up to $1,400, and Progress, up to $2,000.
This year Anelik Bank is planning to increase its consumer lending portfolio by 46.2%.
According to ArmInfo's Financial Rating of Banks of Armenia, in Jan-June 2014 Anelik Bank increased its consumer lending portfolio by 35% (against 28.5% drop on the market) and personal lending by 40% (with the general growth being 8.2%). As of July 1 2014 the bank's consumer loan book made up 19.3bln AMD.
The sole owner of Anelik Bank is Credit Bank S.A.L. from Lebanon.