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Central Bank registers Artashat branch of ProCredit Bank

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  • Central Bank registers Artashat branch of ProCredit Bank

    Central Bank registers Artashat branch of ProCredit Bank

    2009-09-25 12:04:00


    ArmInfo. Central Bank of Armenia has registered a new regional Artashat
    branch of ProCredit Bank. According to Armenia's CB press service data,
    this decision was made by CB chairman on September 23.

    To note, along with Artashat branch, ProCredit Bank has 9 branches in
    Armenia, 6 of which are in Yerevan, 1 in Vanadzor and 1 in Gyumri. The
    credit portfolio of ProCredit Bank makes up $24.8 million, the deposit
    portfolio - $14.5 million. Shareholders of ProCredit are: ProCredit
    Holding AG (67,49%), KfW German Bank (15,84%), as well as the European
    Bank for Development and Reconstruction (EBRD) -16,67%.
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