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ProCredit Bank Looks Forward To Strong Development In 2010

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  • ProCredit Bank Looks Forward To Strong Development In 2010

    PROCREDIT BANK LOOKS FORWARD TO STRONG DEVELOPMENT IN 2010

    PanARMENIAN.Net
    09.02.2010 17:54 GMT+04:00

    /PanARMENIAN.Net/ On February 5, 2010 ProCredit Bank celebrated its 2nd
    anniversary. As Bertolt Hertzfeldt, Executive Director of ProCredit
    Bank emphasized, "ProCredit Bank offers banking services not only to
    small and medium sized businesses but also for all people, who live
    and work in the neighbourhood of the Bank. We provide transparent
    and fair conditions to our customers. We see team work as a key in
    delivering excellent service to our clients and want to thank our
    customers for the trust they put in us. We are proud that we have
    achieved such good results in a short period of time and look forward
    to a strong development in 2010".

    ProCredit Bank welcomed its first customers on February 05, 2008,
    aiming to offer reasonable products for everyone. ProCredit Bank
    is a full-fledged bank with a 100% foreign capital, focused on the
    development of small and medium sized enterprises and offering a full
    scale of banking services to private individuals and legal entities.

    Another important area of ProCredit Bank's focus is to promote savings
    culture among the population, by starting even from small amounts.

    ProCredit Bank in Armenia is part of the ProCredit group, consisting
    of 22 financial institutions operating in Eastern Europe, Africa and
    Latin America, which are governed by ProCredit Holding AG located in
    Frankfurt am Main, Germany.

    Founders of ProCredit Bank are such well-known international
    organizations as: ProCredit Holding AG - 67.50% shares, EBRD - 16.67%
    shares, KfW - 15.83 % shares.

    The bank's shareholders shared the vision of a business model which
    aims at responsible banking that seeks transparency, efficiency and
    long term profitability and makes an impact on the development of
    the country.

    Over these two years ProCredit Bank established itself as a
    responsible, easy-to-understand and transparent financial institution.

    Since its start it welcomed more than 9,700 clients including non-loan
    clients and has an outstanding loan portfolio of about USD 32.4 mln.

    and deposit portfolio around USD 18.3 mln.
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