Announcement

Collapse
No announcement yet.

ProCredit Bank Begins Its Work In Armenia

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • ProCredit Bank Begins Its Work In Armenia

    PROCREDIT BANK BEGINS ITS WORK IN ARMENIA

    RIA Oreanda
    February 11, 2008 Monday
    Russia

    Economic News

    Yerevan. OREANDA-NEWS . February 05, 2007. As of today very small and
    small entrepreneurs as well as ordinary people of Armenia do have
    a new bank and are welcome at ProCredit Bank. The bank is located
    at 31/99 Moskovyan Street in Yerevan, reported the press-centre of
    ProCredit Bank.

    ProCredit Bank in Armenia, as well as in all countries of its
    operation, will be customer-oriented, socially responsible bank,
    providing high-quality and affordable services to ordinary people,
    stressing the importance of lending to very small, small, and
    medium-sized businesses and developing the savings culture among
    ordinary people. We will be your bank around the corner that offers
    the best service to all its customers. We welcome everyone to start
    saving with us or to get a loan for developing her/his business. The
    whole ProCredit Team is looking forward to starting operations in
    Armenia. We want to be your bank and make a difference, states the
    Executive Director of ProCredit Bank, Mr. Bertolt Hertzfeldt.

    ProCredit Bank focuses on lending to very small, small and medium-sized
    enterprises, as we are convinced that these businesses create the
    largest number of jobs and make a vital contribution to the economical
    development of Armenia. The bank will offer business loans starting
    from 100 USD for small entrepreneurs and transparent banking services
    to private individuals such as saving accounts without minimum
    deposit amount.

    The Central Bank of Armenia granted ProCredit Bank license to conduct
    banking operations in Armenia on December 7, 2007. The shareholders
    of ProCredit Bank are ProCredit Holding AG with the 66,66% of shares,
    KfW with 16,67% of shares, and EBRD with 16,67% of shares. By the end
    of 2008 ProCredit Bank Armenia will be present in three regions of
    Armenia with six branches: four in Yerevan, one in Vanadzor, and one
    in Artashat.

    About ProCredit Bank: ProCredit Bank in Armenia is part of the
    ProCredit Group.

    The Group consists of 22 financial institutions in Eastern Europe,
    Africa, and Latin America which are led and supervised by ProCredit
    Holding, based in Frankfurt am Main, Germany. It is not associated
    with any commercial or political group. ProCredit Banks all over the
    world have similar management system, operate according to the same
    values and offer their customers similar banking services.

    From: Emil Lazarian | Ararat NewsPress
Working...
X