Anelik Bank Expects to Earn $1.5 Million Profits This Year
02.10.2010,
04:13
Anelik Bank chairman Samvel Chzmachian said today the bank is expected to earn a $1.5 million profit this year.
YEREVAN, October 1, /ARKA/. Anelik Bank chairman Samvel Chzmachian said today the bank is expected to earn a $1.5 million profit this year. Speaking to reporters he said although the anticipated amount is not very large, but ‘not bad’ after the post-crisis period, especially that last year it did not have any profits at all.
He said the bank’s assets may amount to 58-59 billion Drams by the yearend and credit investments to some 30-31 billion Drams. He said also the Lebanese Credit Bank SAL that holds 51% in Anelik Bank will provide it with a fresh $10 million credit resource.
‘We have very good relations with CreditBank SAL, one of the largest banks in Lebanon, a country that has one of the most effective banking systems in the world,’ he said. He said also the Lebanese bank has already invested $30 million in Anelik Bank due to which the latter can offer cheap loans to Armenian companies.
Some 51% of Anelik is owned by Lebanese CreditBank S.A.L., Samvel Chzmachian owns 12.25%, Arthur Arakelian- 12.25%, Armen Kazarian -12,25% and Galina Voronina-12.25%. The bank has 10 branches.
O June 30 Anelik Bank’s total assets were worth 50.5 billion Drams, liabilities stood at 35.1 billion Drams, the total capital was 15.4 billion Drams, credit investments stood at 26.2 billion Drams and deposits at 19.45 billion Drams. In the first half of the year it earned 266.9 million Drams in net profits. ($1- 361.31 Drams). –0—
He said the bank’s assets may amount to 58-59 billion Drams by the yearend and credit investments to some 30-31 billion Drams. He said also the Lebanese Credit Bank SAL that holds 51% in Anelik Bank will provide it with a fresh $10 million credit resource.
‘We have very good relations with CreditBank SAL, one of the largest banks in Lebanon, a country that has one of the most effective banking systems in the world,’ he said. He said also the Lebanese bank has already invested $30 million in Anelik Bank due to which the latter can offer cheap loans to Armenian companies.
Some 51% of Anelik is owned by Lebanese CreditBank S.A.L., Samvel Chzmachian owns 12.25%, Arthur Arakelian- 12.25%, Armen Kazarian -12,25% and Galina Voronina-12.25%. The bank has 10 branches.
O June 30 Anelik Bank’s total assets were worth 50.5 billion Drams, liabilities stood at 35.1 billion Drams, the total capital was 15.4 billion Drams, credit investments stood at 26.2 billion Drams and deposits at 19.45 billion Drams. In the first half of the year it earned 266.9 million Drams in net profits. ($1- 361.31 Drams). –0—
