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    Emil Lazarian
  • 15 years ago
    • Categories: News

ProCredit Bank Opens Eighth Branch In Armenia

PROCREDIT BANK OPENS EIGHTH BRANCH IN ARMENIA

ArmInfo
2009-09-16 19:27:00

ArmInfo. ProCredit Bank has opened a new eighth branch in Yerevan –
Shengavit community, ProCredit Bank press-service told ArmInfo. The
new branch is located in Bagratunyats Street 15. The Central Bank
registered it on August 14 2009.

ProCredit Bank Executive Director Bertolt Hertzfeldt said the bank
highlights the importance of Neighbor- Bank idea and strives to
extend its branch network to become more accessible to public in
specific communities.

Six of the eight branches of the bank are in Yerevan and another two
are in Vanadzor and Gyumri. The credit portfolio of ProCredit Bank
is $24.8 million, portfolio of deposits is $14.5 million. The bank
entered the Armenian market in Feb 2008.

ProCredit Bank shareholders are ProCredit Holdings AG (67,49%)m German
KfW (15,84%) and EBRD (16.67%).

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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