"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).