PROCREDIT BANK HOLDS A CAMPAIGN ON AMD DEPOSITS
ArmInfo
2009-03-26 18:10:00
ArmInfo. ProCredit Bank is holding a campaign on AMD deposits. As
ProCredit Bank press-service told ArmInfo, within the frames of this
campaign launched on March 16, the bank attracts funds at the rate of
12% p.a. The minimal term of the deposit is 1 month and the minimal
amount is 30 thsd AMD.
The source says this product aims to stimulate the development of the
population’s "savings culture". At present 80% of the ProCredit Bank
deposit portfolio falls on deposits worth less than $1000.
According to the ProCredit Bank data, the bank’s deposit portfolio
exceeds $9.9 mln, loan portfolio amounts to about $20.7 mln. The
number of the bank’s clients is 4800. To recall, the shareholders
of ProCredit Bank, which has been operating since 5 February 2008,
are ProCredit Holding AG (67,49%).
The German Development Bank KfW (15,84%), as well as the European
bank for Reconstruction and Development (16,67%). ProCredit Holding AG
heads the network of micro-credit banks ProCredit and is the strategic
investor and administrative center of the group.