Yerevan/Mediamax/. Over 11 months of 2011, Anelik Bank’s deposit portfolio attracted from individuals increased by over AMD 6bln (about 57%), and only the deposits in Armenian dram increased by 107% as of the same period.

The bank’s press service told Mediamax that over the past 2 years, the deposit portfolio has increased by 15% (AMD 2.1bln) having made AMD 17.2bln and the deposit portfolio in Armenian dram increased by 20% (AMD 0.6bln).

“The growth registered is not conditioned by high interest rates – there are offers with higher rates- but by the people’s trust towards the bank, the target advertising campaign and right development of the banking product. We have an important advantage in terms of deposits – all the bank’s depositors have the opportunity to withdraw the whole deposit or a part of it any time if needed preserving the rates of the relevant month at the same time”, noted the head of the bank’s PR and Advertisement Department Armen Arevyan.

Growth of the deposit portfolio is bolstered by 3 main types of deposits:
-“Reliable” – 12.5% annual rate in case of deposits in AMD, up to 9% - in USD. A depositor may also make a deposit in AMD for 1 month with 6% annual rate.

-    “Confidential” – with an option to accumulate, minimum sum – AMD 40 000, up to 12.3% annual rate for deposits made in AMD
-    “Holiday” – with an option to win a journey to Greece for 2 persons. Each deposited AMD 100 000 or equivalent currency give an extra opportunity to win the journey. --0--