  ProCredit Bank marks 3rd anniversary February 9, 2011 - 12:03 AMT PanARMENIAN.Net - ProCredit Bank in Armenia celebrates its 3rd anniversary. Despite unfavorable market conditions caused by the global financial crisis, the Bank managed to record a sustainable growth and cement the basis for its further development, the Bank’s press office reported. Over past three years the Bank managed to accumulate a customer base of more than 11,500 individuals and legal entities through its 9 branches spread in Yerevan, Vanadzor, Gyumri and Artashat. In addition to the loan portfolio of above USD 51.6 mln and attracted USD 25mln deposits from customers by the end of 2010, the Bank managed to develop and offer competitive solutions to all major services. “The ProCredit Bank achievements in Armenia grounds on our customers unreserved confidence and relentless efforts of all 250 Bank employees. I would also like to emphasize the strong support of our shareholders ProCredit Holding, EBRD and KfW as well as the tangible contribution of ProCredit Group, the ProCredit Academies in Germany and Macedonia for middle-level managers and 21 country other Banks through exchange of experiences. We are looking for more opportunities to become even closer to our customers by truly being “The bank next to you” and capturing our deserved position in the Armenian banking sector over the next,” Executive Director Bertolt Hertzfeldt commented.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
