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PROCREDIT BANK DECREASES INTEREST RATES FOR BUSINESS LOANS
PanARMENIAN.Net
02.03.2009 14:46 GMT+04:00
/PanARMENIAN.Net/ From March 2 to April 30, 2009 ProCredit
Bank announces an action about USD loan products, staying true
to its traditions in helping to develop small and medium sized
businesses. During that term for loans from USD 50 000 to USD 500 000
the interest rate will range between 13% and 15%. This will be a new
step for stabilizing and developing small and medium sized businesses,
ProCredit Bank's press office told PanARMENIAN.Net
ProCredit Bank in Armenia believes that very small, small, and
medium sized businesses create the largest number of jobs and make
an important contribution to the economy.
ProCredit bank view its mission as creating financial institutions for
"ordinary people," ProCredit bank is seen as friendly and professional
trendsetters in transparent and prudent banking.
On December 7, 2007 ProCredit Bank was licensed by the Central Bank
of the Republic of Armenia (License N 85) and opened for clients on
February 5, 2008.
ProCredit bank is a development-oriented full service bank focusing
on lending to very small, small, and medium-sized enterprises.
The Shareholders of ProCredit Bank in Armenia are: - ProCredit Holding
- with 66.66% of shares - KfW - with 16.67% of shares - EBRD - with
16.67% of shares
ProCredit Bank Armenia is a member of ProCredit Group. ProCredit
Group consists of 22 banks operating in Eastern Europe, Africa and
Latin America, which are led and supervised by ProCredit Holding AG,
based in Frankfurt am Main, Germany.
The bank is a member of the Union of Banks of Armenia and Deposit
Guarantee Fund of Armenia.
The bank also cooperates with "ACRA Credit Reporting" CJSC. As of 30
Junе 2008 the number of employees of ProCredit bank in Armenia was
206 people.
As of 30 September 2008: total capital - 5 193 674 dram, the assets -
10 883 070 dram, the liabilities - 5 689 396 dram.
PanARMENIAN.Net
02.03.2009 14:46 GMT+04:00
/PanARMENIAN.Net/ From March 2 to April 30, 2009 ProCredit
Bank announces an action about USD loan products, staying true
to its traditions in helping to develop small and medium sized
businesses. During that term for loans from USD 50 000 to USD 500 000
the interest rate will range between 13% and 15%. This will be a new
step for stabilizing and developing small and medium sized businesses,
ProCredit Bank's press office told PanARMENIAN.Net
ProCredit Bank in Armenia believes that very small, small, and
medium sized businesses create the largest number of jobs and make
an important contribution to the economy.
ProCredit bank view its mission as creating financial institutions for
"ordinary people," ProCredit bank is seen as friendly and professional
trendsetters in transparent and prudent banking.
On December 7, 2007 ProCredit Bank was licensed by the Central Bank
of the Republic of Armenia (License N 85) and opened for clients on
February 5, 2008.
ProCredit bank is a development-oriented full service bank focusing
on lending to very small, small, and medium-sized enterprises.
The Shareholders of ProCredit Bank in Armenia are: - ProCredit Holding
- with 66.66% of shares - KfW - with 16.67% of shares - EBRD - with
16.67% of shares
ProCredit Bank Armenia is a member of ProCredit Group. ProCredit
Group consists of 22 banks operating in Eastern Europe, Africa and
Latin America, which are led and supervised by ProCredit Holding AG,
based in Frankfurt am Main, Germany.
The bank is a member of the Union of Banks of Armenia and Deposit
Guarantee Fund of Armenia.
The bank also cooperates with "ACRA Credit Reporting" CJSC. As of 30
Junе 2008 the number of employees of ProCredit bank in Armenia was
206 people.
As of 30 September 2008: total capital - 5 193 674 dram, the assets -
10 883 070 dram, the liabilities - 5 689 396 dram.