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PROCREDIT BANK STARTS PROVIDING AGRICULTURAL LOANS IN ARMENIA
ArmInfo
2009-10-22 12:02:00
ArmInfo. ProCredit Bank opened a new branch in Artashat city of Ararat
region on October 1, 2009. "Artashat" branch was registered by Central
bank of RA on September 23, 2009. The branch is located in 93 Ogostos
23 Str.
Thus, ProCredit Bank successfully expanded into a new region. The
opening of the branch in Artashat is not only important because of
becoming more reachable to people in one more region but also
launching a new business line: agricultural lending. Now ProCredit
Bank provides financial services also to agricultural businesses and
farmers.
Bertolt Hertzfeldt, Executive director of "ProCredit Bank" CJSC,
"Agriculture being one of the most important sectors of the Armenian
economy does not have enough sources of financing. Our aim is to
develop also this branch of economy and there is much work to be done
in this field. The opening of the branch in Artashat is tailored to
develop agribusinesses. The new services distinguish themselves in the
market by their favorable conditions for clients, such as flexible
repayment and collateral conditions. We think that we will really
influence the development of agriculture starting from Ararat region
and spreading agro lending in other RA regions".
ProCredit Bank launched its activity in Armenia in February 5, 2008.
ProCredit Bank is a full- fledged bank with a 100% foreign capital,
focused on lending to 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 a member of 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 - 67.49% shares, EBRD - 16.67%
shares and German KfW Ban - 15.84 % shares. Since February 2008 the
Bank is serving around 8200 clients including deposit clients and has
an outstanding loan portfolio of over USD 27 mln and deposit portfolio
about USD 18 mln.
ArmInfo
2009-10-22 12:02:00
ArmInfo. ProCredit Bank opened a new branch in Artashat city of Ararat
region on October 1, 2009. "Artashat" branch was registered by Central
bank of RA on September 23, 2009. The branch is located in 93 Ogostos
23 Str.
Thus, ProCredit Bank successfully expanded into a new region. The
opening of the branch in Artashat is not only important because of
becoming more reachable to people in one more region but also
launching a new business line: agricultural lending. Now ProCredit
Bank provides financial services also to agricultural businesses and
farmers.
Bertolt Hertzfeldt, Executive director of "ProCredit Bank" CJSC,
"Agriculture being one of the most important sectors of the Armenian
economy does not have enough sources of financing. Our aim is to
develop also this branch of economy and there is much work to be done
in this field. The opening of the branch in Artashat is tailored to
develop agribusinesses. The new services distinguish themselves in the
market by their favorable conditions for clients, such as flexible
repayment and collateral conditions. We think that we will really
influence the development of agriculture starting from Ararat region
and spreading agro lending in other RA regions".
ProCredit Bank launched its activity in Armenia in February 5, 2008.
ProCredit Bank is a full- fledged bank with a 100% foreign capital,
focused on lending to 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 a member of 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 - 67.49% shares, EBRD - 16.67%
shares and German KfW Ban - 15.84 % shares. Since February 2008 the
Bank is serving around 8200 clients including deposit clients and has
an outstanding loan portfolio of over USD 27 mln and deposit portfolio
about USD 18 mln.