Armenia's Bank Anelik recently began offering its customers new deposit rates for Armenian drams of up to 14.5 percent per annum, with a minimum deposit of 100,000 drams, or $247.

Depending on the amount, clients may be entitled to ArCa plastic cards, as well as to MasterCard and Visa, with no annual service fee and minimum balance required.

Card holders will be able to use points to take advantage of the bank's discount system at approximately 500 shops and sales points.

"The bank is aiming to offer new and beneficial banking services, bearing in mind the high demand for new banking products among the population," Hayk Mkrtchyan, the head of business development at Bank Anelik, said.

Mkrtchyan addedthat the bank remains committed to it service package expansion this year and is planning new surprises for its clients.

The bank is involved in international credit programs of the European Bank for Reconstruction and Development, the German-Armenian Foundation, the Agricultural Marketing Service of the U.S. Department of Agriculture, the International Organization for Migration and the World Bank.

It has 12 branches in Yerevan, Gyumri, Abovyan, Gavar, Echmiadzin, Vanadzor and Sevan.