Saturday, December 20 2014 16:48
ProCredit Bank announces new Express Cash service
ArmInfo. ProCredit bank is offering a new and very convenient Express Cash in Service to legal entity and private entrepreneur clients. This service is designed for the core business clients and is in force starting from 22nd of December, the bank's press-service told ArmInfo.
Service is giving opportunity to the clients to bring cash to the Bank and deposit money on the account without waiting for cash counting.
ProCredit Bank being focused on the development of small and medium sized enterprises highly appreciates the time spent by entrepreneurs in the Bank and for this reason the new service is created in order to provide additional service to the clients, who are frequently depositing big amount of cash money on their accounts, and to minimize the time that business client spends in the service point.
Brief description of the service: Client should bring the cash in special packages with respective notice regarding client, account number, amount and currency. Bank employee will take the cash from the client and immediately register cash deposit to the client's account.
The service can be provided to selective Legal Entity and Private Entrepreneur Based on the signed agreement with the Bank.
ProCredit Bank began its operations in Armenia on 5 February 2008 and is part of the international ProCredit group, which is led by ProCredit Holding based in Germany and operates in 11 banks in Eastern Europe and institutions in Latin America as well as in Germany. Both ProCredit Holding and ProCredit Bank Germany are supervised by the German Financial Supervisory Authority (BaFin), which underscores the reliability and stability of the ProCredit institutions. ProCredit Bank Armenia is a fully-fledged bank with 100% foreign capital, focused on the development of small and medium-sized enterprises, as well as on the promotion of a savings culture among the population.
As of 1 October 2014, the capital of the bank totalled 9 bln drams, assets - 57.2 bln drams, loans - 47.7 bln drams. Including 38.7 bln drams SME finance portfolio. The bank is among top 5 banks in the Armenian market by the SME finance portfolio. SME finance accounts for 80% of the total loan portfolio. ProCredit Bank is the leader in the market by this indicator. Net profits of the bank for 9 months of 2014 totalled 330 million drams.