In Bank Anelik starts the 2nd round of the contest "Corporate loans"  - the interest rate is formed by clients

ArmInfo.Anelik Bank announced the start of the 2nd round of the contest "Corporate loans", within which an acceptable interest rate is offered by the client. As  ArmInfo was told in the press service of the Bank, a loan application  for participation in the contest must be submitted before October 25  this year.

After that, the creditworthiness of the client is taken  out, and in the case of a positive answer - approval of the loan, the  bidder can before November 6 this year inclusive in a closed envelope  to submit to the bank the preferred interest rate.

According to the source, on the day of announcement of the results of  the second round, representatives of the Bank in the presence of  bidders and other officials will open envelopes with the proposed  interest rates, and indicating the highest bar will be recognized as  winners. According to Anelik Bank, loans within the framework of this  program are provided for a period of 60 months, in the amount of $  50,000-250,000, at an annual interest rate starting from 7.7%, and  the maximum bar will be established based on the proposals of the  contest participants. The fund of the second round of the contest  "Corporate loans" is $ 1 million, i.Ґ.  in this amount in total, the  Bank plans to place loans.  "The start of the second round of the  credit competition is due to the great interest of customers to such  banking concept products." After the pilot round of the first round  we received a large number of positive reviews, and a live broadcast  of the results proved the openness and transparency of the  competition, which prompted us to give the program a long The Bank,  and this time for clients, did not establish any restrictions on the  number of applicants and their areas of activity, only compliance of  legal entities with the criteria of the competition is required "  First Deputy Chairman of the Board of Anelik Bank, Director of  Corporate Business Sergey Virabyan said.

Anelik Bank recalled that the first round of the contest "Corporate  loans" was held from July 20 to August 20, and the results were  directly broadcast on the Facebook page of the bank on September 4,  2017.  Presented in the first round of the application, basically,  were satisfied. The fund of the first round of the contest "Corporate  loans" also amounted to $ 1 million.

According to the Financial Rating of Armenian Banks prepared by NA  ArmInfo, the volume of credit investments of the Bank Anelik  increased by 3.6 times in 2006 to 218.8 billion AMD, of which retail  loans accounted for about 13% or 27.7 billion, and corporate loans -  86 % or 188.1 billion. Moreover, the bank provided such growth in  credit investments due to a significant increase in the corporate  portfolio (almost 6 times), sharply jumping up close to the top three  leaders both in the general portfolio and corporate. This growth in  the loan portfolio allowed the bank to increase assets in the  reporting year by 3 times - to 283.5 million. As a result, the share  of the loan portfolio in the structure of the bank's assets increased  from 68% to 77%. Net profit of the Bank Anelik increased by 5.3 times  in 2016 - to 1.2 billion. (The calculated exchange rate of the dram  as of 31.12.2016 is 483.94 AMD/USD1).

Anelik Bank has been operating on the market since October 1996.  After the additional share issue in November 2016, the membership of  the Bank's shareholders changed - the entry of the Cypriot company  FISTOCO LTD with a stake of 59.68% reduced the share of the former  shareholder represented by the Lebanese Bank CreditBank S.A.L from  100% to 40.32%. Indirect majority shareholders are physical persons:  Tarek J. Khalefe (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO  LTD).