Bank Anelik to diversify sources of income in 2012
24.02.2012,
13:50
In an exclusive interview with ARKA, Babkik Najaryan, deputy board chairman of Anelik Bank, said in order to withstand a possible second wave of global financial crisis, which many experts say is likely in 2012 the bank will seek to diversify its sources of income with the focus on its loan portfolio, which in 2011 was aimed mainly at business lending.
YEREVAN, February 24, /ARKA/. In an exclusive interview with ARKA, Babkik Najaryan, deputy board chairman of Anelik Bank, said in order to withstand a possible second wave of global financial crisis, which many experts say is likely in 2012 the bank will seek to diversify its sources of income with the focus on its loan portfolio, which in 2011 was aimed mainly at business lending.
He said in 2012 the bank will continue lending to businesses, but will also increase consumer credits and deposit portfolio.
“One of our goals in 2012 is to enhance cooperation with other money transfer systems, in addition to Anelik and MoneyGram. This will create for our clients new opportunities for fast and easy money transfers. The Bank has planned also some structural changes and will optimize its staff in order to improve the bank's activities and increase personnel productivity,’ he said.
Anelik Bank was founded in 1990. Some 69% of its shares is owned by Lebanese CreditBank S.A.L., Samvel Chzmachian owns 12.25%, Armen Kazarian -6% and Galina Voronina-12.25%.
O December 31, 2011 its total assets were worth 73.5 billion drams, liabilities stood at 58. billion drams, the total capital was 15.5 billion drams, credit investments stood at 39.5 billion drams and deposits at over 35.9 billion Drams. In 2011 the bank earned 145.9 million drams in net profits. In 1997 it created Anelik money transfer system that is available now in 90 countries. -0-
He said in 2012 the bank will continue lending to businesses, but will also increase consumer credits and deposit portfolio.
“One of our goals in 2012 is to enhance cooperation with other money transfer systems, in addition to Anelik and MoneyGram. This will create for our clients new opportunities for fast and easy money transfers. The Bank has planned also some structural changes and will optimize its staff in order to improve the bank's activities and increase personnel productivity,’ he said.
Anelik Bank was founded in 1990. Some 69% of its shares is owned by Lebanese CreditBank S.A.L., Samvel Chzmachian owns 12.25%, Armen Kazarian -6% and Galina Voronina-12.25%.
O December 31, 2011 its total assets were worth 73.5 billion drams, liabilities stood at 58. billion drams, the total capital was 15.5 billion drams, credit investments stood at 39.5 billion drams and deposits at over 35.9 billion Drams. In 2011 the bank earned 145.9 million drams in net profits. In 1997 it created Anelik money transfer system that is available now in 90 countries. -0-
