Anelik Bank successfully completed additional share emission.

The bank noted that all 405.511 shares were placed through closed subscription.

“The Bank has attracted a new shareholder and increased its charter capital by AMD 21.8 billion.

The shareholders brought together a new Council of the Bank comprising experienced and senior market professionals. Based on the new partner’s experience, a new strategy will be introduced to develop the Bank to one of the leading players in the Armenian banking system.

The Bank’s clients will be offered a refreshed lineup of banking products, based on best international practices, the clients’ expectations and frontier technological solutions,” the bank’s press release reads.

“The successful placement of additional shares demonstrated real investment interest toward the Armenian financial market and will enable further growth of the business in the near term”, said new Chairman of the Council Vartan Dilanyan.