Newsfeed

Armen Martirosyan: Heritage leader's stand on constitutional reforms in tune with Heritage Party's stand

Renewed commitment at the highest level needed for Karabakh conflict settlement, Warlick says

Russia is responsible fulfilling its duties in Karabakh peace process

NKR Defense Army repels one more sabotage attack of Azerbaijani troops

Turcologist: Holding Off-Year Parliamentary Elections in Turkey Seeks to Transfer the Country into Presidential Government

VivaCell-MTS and Fuller Center for Housing Armenia Continue Partnership

VII PanArmenian Barbeque Fest to Take Place on Sep 12

Heritage to take no part in discussions on constitutional reforms with President

Stepanakert: NKR Defense Army keeps a tight rein on adversary

Manvel Sargsyan: Constitutional referendum is aimed at destroying the basis of Armenian statehood – the presidency institution

U.S. Ambassador: "One of the most effective drivers of cooperation is common business interests"

Gevorg Kostanyan requests his Azerbaijani colleagues to inquire into death of Armenian citizen Karen Petrosyan

Artak Zakaryan: We will be following Venice Commission's recommendations as much as they will meet our traditions and mentality

VTB Bank (Armenia) most recognizable bank brand in Armenia

Ucom not Clear about Orange Brand Future

Russian Air Carriers to Raise Air Ticket Prices again

Air Armenia Company embarks on second phase of overcoming stress period

Armenian Foreign Ministry has no data so far if there are citizens of Armenia among affected people in storm-stricken Batumi

Anelik Bank implemented a joint Hotel Express VISA Gold card

Expert: The new RA Constitution shall affirmatively authorize the same-sex marriage

Internet in the 37497 mobile networks

Prosecutor General's Office: No criminal case will be opened on the matter of beating of Air Armenia owner

So far the environmentalists have no response from the Prime Minister on restoration of the Iranian Urmia lake at the expense of Sevan

Applications for "Certification of Organic Agricultural Product" Contest now Available on ACBA-Credit Agricole Bank Website

Beeline expands mobile coverage in Yerevan and Aragatsotn

Levon Zurabyan: ANC Declining Serzh Sargsyan's Invitation to Participate in Discussions on Constitutional Reforms

ACBA ON-LINE system is replenished with a new feature - from now on all ACBA ON-LINE users have an opportunity to make transfers from their card accounts

Venetian Commission: We will not Fuel Debates among Political Powers of Armenia.

Iranian Ambassador: Tehran began to pay more attention to Karabakh peace process

Artsrun Hovhannisyan to Zakir Hasanov: Self-deception not the best way to work

Georgian Foreign Ministry condemns restoration of Abkhazian railway

Newspaper: Company of former member of Republican Party, MP Tigran Arzaqantsyan turns bankrupt

Palestinian Embassy in Azerbaijan says Palestine will not open embassy in Armenia

Volunteers from the Diaspora hosted at VivaCell-MTS headquarters

Over 6 thousand children from Tavush will undergo free ophthalmologic examinations thanks to Orange Foundation

VTB Bank (Armenia) launches Anelik-Visa Direct service - transferring money directly to Visa accounts

Economist: The Regulator probably retains the USD agiotage

Orange Foundation supports "Lunettes pour l'Armenie" program in Tavush

ARFD: If draft new Constitution is passed, Republic Party will lose its power in three years

Areximbank-GPB Group looks to develop SME finance as promising sector

Russian businessman German Sterligov weighs lawsuit against Azerbaijan at ECHR

Regional

Anelik Bank extends the range of Simple-Fast loans

  • by Siranush Manucharyan

  • Friday, September 5, 19:14

 Anelik Bank is extending the range of its Simple- Fast loans. This time the Bank is launching a Simple-Fast Progress loan. The press service of Anelik Bank has told ArmInfo that the loan is provided in terms of USD for up to 5 years. The maximum amount is $2000, and the interest rate ranges from 5% to 16.3% p.a.

The advantage of this loan is that no income certificate is required. To recall, on August 26 Anelik Bank launched the Simple-Fast Extra, which requires no income certificate either. The maximum amount of the loan is 1400 USD, and the interest rate is 16.8% p.a.     

"Anelik Bank creates new products on the basis of the customers' demands. The advantage of the given product is its comparatively high threshold and the long period of redemption. If the customers are going to acquire household appliances or furniture or to travel or repair their flats, this loan, which is provided in a facilitated procedure, will be very handy", says Vardan Gevorgyan, Deputy Chairman of the Board, Retail Director at Anelik Bank.    

The source says that Anelik Bank will continue its efforts to boost consumer lending, which will allow increasing the retail lending portfolio by 46.2% by late 2014. 

According to the Financial Rating of Armenian Banks prepared by the Agency of Rating Marketing Information (ArmInfo), due to active introduction of a number of retail credit products, Anelik Bank demonstrated the highest growth rates in the banking market in terms of consumer lending in particular and retail lending in general. In the first half of 2014 the Bank increased the consumer lending by 35% and the retail lending by 40%. In Q2 2014 the Bank increased the consumer lending by 19% and retail lending by 21% (48.5% and 53.3% year over year growth, respectively). By 1 July 2014, the consumer lending portfolio of Anelik Bank amounted to 19.3 bln AMD and secured the Bank's position among the Top-10 banks. 
To note, the sole owner of Anelik Bank is Credit Bank S.A.L. (Lebanon), which increased its stake from 89.95% to 100% in Q4 2013. 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields