PROCREDIT BANK LOOKS FORWARD TO STRONG DEVELOPMENT IN 2010
PanARMENIAN.Net
09.02.2010 17:54 GMT+04:00
/PanARMENIAN.Net/ On February 5, 2010 ProCredit Bank celebrated its 2nd
anniversary. As Bertolt Hertzfeldt, Executive Director of ProCredit
Bank emphasized, "ProCredit Bank offers banking services not only to
small and medium sized businesses but also for all people, who live
and work in the neighbourhood of the Bank. We provide transparent
and fair conditions to our customers. We see team work as a key in
delivering excellent service to our clients and want to thank our
customers for the trust they put in us. We are proud that we have
achieved such good results in a short period of time and look forward
to a strong development in 2010".
ProCredit Bank welcomed its first customers on February 05, 2008,
aiming to offer reasonable products for everyone. ProCredit Bank
is a full-fledged bank with a 100% foreign capital, focused on the
development of 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 part of the 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.
Founders of ProCredit Bank are such well-known international
organizations as: ProCredit Holding AG – 67.50% shares, EBRD – 16.67%
shares, KfW – 15.83 % shares.
The bank’s shareholders shared the vision of a business model which
aims at responsible banking that seeks transparency, efficiency and
long term profitability and makes an impact on the development of
the country.
Over these two years ProCredit Bank established itself as a
responsible, easy-to-understand and transparent financial institution.
Since its start it welcomed more than 9,700 clients including non-loan
clients and has an outstanding loan portfolio of about USD 32.4 mln.
and deposit portfolio around USD 18.3 mln.