Wednesday, February 9 2011 20:19
ProCredit Bank in Armenia Celebrates its 3rd Anniversary
ArmInfo. ProCredit Bank in Armenia Celebrates its 3rd Anniversary.
The press service of the bank reportrs that the whole team of ProCredit Bank in Armenia celebrates its 3rd anniversary. Since its opening on February 5, 2008 ProCredit Bank has managed to successfully fulfill its promise in becoming a leading bank for very small, small and medium-sized enterprises, as well as the preferred bank for private customers living and working in the neighbourhood of its branches. Despite difficult market conditions created by the outcome of the global financial crisis, the bank managed to record a steady growth and create a stable basis for its further development.
Over past three years the Bank managed to accumulate a customer base of more than 11,500 individuals and legal entities through its 9 branches spread in Yerevan, Vanadzor, Gyumri and Artashat. In addition to the outstanding loan portfolio of above USD 51.6 mln and attracted USD 25mln deposits from customers at the end of the year, the Bank managed to develop and offer competitive solutions to all major services needed by the customers.
"The ProCredit Bank achievements in Armenia grounds on our customers unreserved confidence and relentless efforts of all 250 Bank employees. I would also like to emphasize the strong support of our shareholders ProCredit Holding, EBRD and KfW as well as the tangible contribution of ProCredit Group, the ProCredit Academies in Germany and Macedonia for middle-level managers and 21 country other Banks through exchange of experiences. We are looking for more opportunities to become even closer to our customers by truly being "The bank next to you" and capturing our deserved position in the Armenian banking sector over the next," said the bank's Executive Director Bertolt Hertzfeldt in regards to the anniversary.
ProCredit is a full-service Bank with a 100% foreign capital, focused on the development of small and medium sized enterprises as well as on promotion of savings culture among the population.
ProCredit Bank in Armenia is part of the ProCredit Group, consisting of 21 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 international well-known organizations as: ProCredit Holding AG -68.46% shares, EBRD -16.67% shares, KfW -14.87% shares.
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