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"Anelik Bank" Recognized Best Armenian Bank In 2006

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  • "Anelik Bank" Recognized Best Armenian Bank In 2006

    "ANELIK BANK" RECOGNIZED BEST ARMENIAN BANK IN 2006

    ARKA News Agency, Armenia
    Dec 28 2006

    YEREVAN, December 28. /ARKA/. "Anelik Bank" is recognized the best
    Armenian bank, most effectively cooperating with the Deposit Guarantee
    Fund of Armenia in 2006.

    The Chairman of the Central Bank of Armenia (CBA) Tigran Sargsyan
    stated, summing up results of 2006, that such decision had been made
    by the Fund's Board of Trustees.

    He pointed out that the circumstance that "Anelik Bank" maximum
    efficiently cooperated with the Deposit Guarantee Fund, presented the
    mission of the Fund to the public best of all, as well as contributed
    to attraction of deposits by its activity, thus promoting accumulation
    of bank savings, had become a crucial factor for choosing the best
    bank.

    At the same time he said that henceforth the CBA intended to introduce
    a new tradition - to choose most distinguishing ones among the Armenian
    banks in this or that sphere of banking activity every year.

    Since full enabling of the Deposit Guarantee Fund became one of
    peculiarities of 2006, this tradition began with the selection of
    the bank that most efficiently cooperated with the Fund.

    "In this connection, at its last meeting the formed Board of Trustees
    of the Fund announced an already made decision - to consider "Anelik
    Bank" the best Armenian bank, cooperating with the Fund, and award a
    diploma to the President of the Bank Samvel Chzmachyan", Sargsyan said.

    On November 24, 2004, the National Assembly of Armenia, at its third
    and final reading, adopted a Law On Guaranteeing Compensation of
    Natural Person's Bank Deposits. Within the framework of the Law the
    Deposit Guarantee Fund has been established.

    "Anelik Bank" was registered on October 1, 1991. In October, 1996
    bank received general license of CBA #9 and now it is functioning as
    Anelik Bank ltd. Shareholders of the bank are natural persons. As of
    today the bank has 8 branches, one of which is in Moscow, and other
    7 on the territory of Armenia, namely in Yerevan, Gyumri, Abovyan
    and Gavar, Echmiadzin. ($1- AMD 363,18).
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