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Procredit Bank Marks International Savings Day For First Time In Arm

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  • Procredit Bank Marks International Savings Day For First Time In Arm

    PROCREDIT BANK MARKS INTERNATIONAL SAVINGS DAY FOR FIRST TIME IN ARMENIA

    Noyan Tapan
    Oct 30, 2008

    YEREVAN, OCTOBER 30, NOYAN TAPAN. ProCredit Bank marked International
    Savings Day for the first time in Armenia. The bank organized a
    number of educational events on the subject of savings for various
    target groups.

    ProCredit Bank's Mashtots branch in Yerevan invited children living
    nearby to participate in a drawing contest symbolizing the day,
    with prizes being handed to the winners. The contest was followed
    by games, during which the best performing children were dancing,
    singing and reciting verses.

    The head of ProCredit Bank's Unit of Banking Services Alexey Paniklov
    said that one direction of the bank's work is constant financial
    education of potential customers of all age groups. Such work
    is done at all the branches of the bank, at various enterprises
    and organizations, among children of preschool age, pupils and
    students. ProCredit Bank receives useful information during dialog
    with these groups.

    In his words, the low level of savings culture in Armenia is
    evident from the fact the ratio of deposits with Armenian banks to
    GDP currently makes less than 20%. In order to form this culture,
    ProCredit Bank introduces potential customers, for example, to the
    savings instruments available in Armenia and the risks of their use.

    The bank intends to make the celebration of International Savings Day a
    tradition in Armenia. This tradition exists in all 21 other countries
    (Eastern Europe, Africa, Latin America) where ProCredit banks run by
    ProCredit Holding operate. The head office of ProCredit Holding is
    in Frankfort.

    The idea of marking International Savings Day was proposed during an
    international congress held in Milan in 1924 with the participation
    of 29 savings banks. The UN made an official decision to celebrate
    that day in 1989.

    From: Emil Lazarian | Ararat NewsPress
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