"Anelik Bank" to work with profit

PanARMENIAN.Net - "Anelik Bank" will work with profit, "Anelik Bank" CJSC's board chairman Samvel Chzmacian told a news conference devoted to the end of the process of Lebanese Credit Bank's acquisition of 51% Armenian Bank's shares. Despite the hard situation in Armenia, the bank works in crisis circumstances, he said. "I find it the right policy, but the situation in 2008 cannot be compared with the situation at present, and we don't know what's going to happen in 2010. We will definitely strive for profit," Chzmachian stated.



To that end, the bank will use all possible means; it will provide credits at reasonable terms and use the resources of the Russian sub-credit. For over ten years, the bank has been cooperating with KfW and EBRD, "Anelik Bank's" board chairman added.

In his turn, Chair of Credit Bank's Directors' Board Tarek Khalife added that the Lebanesse bank shared the same view with the Armenian bank's managing board, i.e. that profit is a short-term objective. "We pursue long-term perspectives because profit in the banking system cannot be estimated only at the end of the given year, and both parties should be actively involved in the process," Khalife noted.