PROCREDIT BANK OPENS NEW BRANCH IN NOR NORK COMMUNITY

ArmInfo
2009-08-05 16:40:00

ArmInfo. According to this year’s development plan ProCredit Bank
continues to enlarge the network of branches. On July 27, 2009, by
opening a new branch in Nor Nork Community of Yerevan city ProCredit
Bank replenished the number of its branches by one. The 6th, "Nor
Nork" branch was officially registered by the Central bank on July
18, 2009. The branch is located on 17/1 Guy Str. Thus, ProCredit Bank
aims at expanding the branch network and making it more reachable for
people, providing high quality, affordable and transparent banking
services.

Opening of "Nor Nork" branch is a step forward to the stable
development of ProCredit Bank.

Ashot Abrahamyan, Deputy Executive Director of "ProCredit Bank" CJSC,
" "Nor Nrok" branch is one of our most beautiful and largest branches
and we think that the community people will be satisfied both with
the products’ quality and with the warm atmosphere of the customer
service. By providing transparent and socially responsible banking
services we anticipate to ensure our presence in all communities
of Yerevan and RA marzes within the next few years, thus becoming a
reliable banking partner for as many customers as possible."

ProCredit Bank launched its activity in Armenia in February 5, 2008.

ProCredit Bank is a full- service bank with a 100% foreign capital,
focused on lending to 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 a member of 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.