ARMENIAN PROCREDIT BANK INTRODUCES SPECIAL SUMMER OFFER FOR BUSINESS CREDITS

/ARKA/
June 15, 2009
YEREVAN

YEREVAN, June 15. /ARKA/. Armenian ProCredit Bank introduces a special
summer offer for June 12 – August 31 on business credits aimed at
developing small and medium businesses, the bank’s press-service
told ARKA.

In the summer time the interest rate for credits over $10,000 will be
decreased by 4% and that for credits under 45mln AMD will be decreased
by 2%.

The bank hopes the special offer will contribute to stabilization of
activities of a number of enterprises providing them with resources
for overcoming the difficult situation as well as for their further
development.

"ProCredit Bank" CJSC officially started its activities in Armenia
since February 5, 2008.

The bank is mainly aimed at crediting small and medium businesses in
Armenia through offering such services as opening and serving accounts,
different types of deposits, and means for savings.

The shareholders of ProCredit Bank are "ProCredit Holding" AG (67,49%),
KfW (15,84%) and EBRD (16,67%).

According to preliminary data of ARKA News Agency, by this March 31 the
bank’s assets had reached 12,2bln AMD, with liabilities being 6,6bln
AMD, total capital 5,64bln AMD and net profit for January-March 2009
reaching 148,2mln AMD.

The bank’s headquarters is located in Yerevan. The bank has four
branches in Yerevan and one in Vanadzo.