Regional

Anelik Bank launches a new "Summer" deposit at a high stable rate - 14.3%

  • by Erik Abrahamyan

  • Tuesday, June 17, 17:39

 Anelik Bank has launched a new "Summer" deposit at a high stable rate. The press service of the Bank has told ArmInfo that the rate of the deposit with a period ranging from 9 months to 1 year is 14.3% p.a. for AMD deposits, 8.1% - for USD deposits and 6.5% for EUR deposits. All depositors receive an opportunity to replenish their deposit account at any time and by any moment. The minimum amount of the deposit is 500 thsd AMD or $1000 or 1000 EUR. 

"Even if the period of the "Summer" deposit ranges from 6 to 9 months, the deposit has a high rate - 14% p.a. (AMD), 8% (USD) and 6% (EUR). A EUR deposit with a period of 2 years and more will have a stable rate at 8% p.a. All the "Summer" deposit holders will further take part in a drawing of tours", says Hayk Mkrtchyan, Deputy Chairman of the Board, Director for Business Development at Anelik Bank CJSC. 

According to the Financial Rating of Armenian Banks by the Agency of Rating Marketing Information (ArmInfo), Anelik Bank is in the lead in quarterly growth of time deposits. In Q1 2014, the Bank ensured over 20% growth in time deposits due to increase in both personal and corporate deposits. Personal deposits prevail in the Bank's time deposits (85%). The share of time deposits in the total liabilities of the Bank is about 62% versus 52% a year before. 

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. The Bank has 12 branches (6 in Yerevan and 6 in the marzes). 

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