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  • Sole shareholder of Anelik Bank to enlarge the bank's capital in

    Sole shareholder of Anelik Bank to enlarge the bank's capital in order
    to meet Central Bank's new requirement

    Monday, January 19, 18:05


    In the next two years the sole shareholder of Anelik Bank will
    enlarge its capital in order to meet the Central Bank's new minimum
    capital requirement (30bln AMD), the bank's CEO Nerses Karamanukyan
    told journalists on Monday.

    He said that this can be done due to accumulated profit. "Last year
    the bank started working at profit and is going to continue like that
    in the years to come," Karamanukyan said, noting that last year the
    bank increased its capital by 1bln AMD.

    Karamanukyan said that today the bank complies with all the CB's
    requirements. He does not rule out the possibility of mergers or
    acquisitions in Armenia's banking sector. "But whatever happens, it
    will happen by the decision of our shareholders," the banker said.

    As of Jan 1 2015 Anelik Bank's capital made up 14.4bln AMD, authorized
    capital 15.3bln AMD, net profit 335mln AMD.

    The sole owner of Anelik Bank is Credit Bank from Lebanon.

    According to ArmInfo's Rating of Banks of Armenia, as of Oct 1 2014
    the aggregate capital of 21 Armenian banks totaled 449.3bln AMD.

    Starting from Jan 1 2017 the CB's requirement for minimum capital will
    be 30bln AMD against 5bln AMD today.

    http://www.arminfo.am/index.cfm?objectid¬24D230-9FEC-11E4-A6D20EB7C0D21663

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