Monday, November 4 2013 15:22

ProCredit Bank's loan portfolio exceeds USD 100 million


Arminfo. ProCredit Bank's loan portfolio has surpassed USD 100 million, growing by approximately 31.8% compared to the same period last year. The bank's loan portfolio continues to grow very dynamically and demonstrates stable progress. In October alone it increased by USD 3 million.

ProCredit Bank, founded in Armenia in 2008, aims to be the "house bank" for very small, small and medium-sized businesses, providing them with a wide range of banking services: loans, Visa payment cards, deposits, as well as various remote banking solutions.

ProCredit Bank's Executive Director, Asmus Rotne, said: "This is a team achievement, as success is only possible through dedicated team work. It is also thanks to our way of working, because by taking the time to understand our clients' specific needs, we provide responsible loans and banking services and establish long-term relationship with them. We take an individual approach to every single client and try to find the best solution for financing his or her business."

ProCredit Bank in Armenia is a full-service bank with 100% foreign capital and focused on supporting the development of small and medium-sized enterprises as well as promoting a savings culture among the general population. ProCredit Bank in Armenia is part of the ProCredit group, which comprises 22 financial institutions in Germany, Eastern Europe, Latin America, Africa, and is led by ProCredit Holding in Frankfurt am Main, Germany.
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