Armenian Procredit bank introduces special summer offer for business credits
16.06.2009,
00:45
Armenian ProCredit Bank introduces a special summer offer for June 12 – August 31 on business credits aimed at developing small and medium businesses, the bank’s press-service told ARKA.
YEREVAN, June 15. /ARKA/. Armenian ProCredit Bank introduces a special summer offer for June 12 – August 31 on business credits aimed at developing small and medium businesses, the bank’s press-service told ARKA.
In the summer time the interest rate for credits over $10,000 will be decreased by 4% and that for credits under 45mln AMD will be decreased by 2%.
The bank hopes the special offer will contribute to stabilization of activities of a number of enterprises providing them with resources for overcoming the difficult situation as well as for their further development.
“ProCredit Bank” CJSC officially started its activities in Armenia since February 5, 2008.
The bank is mainly aimed at crediting small and medium businesses in Armenia through offering such services as opening and serving accounts, different types of deposits, and means for savings.
The shareholders of ProCredit Bank are “ProCredit Holding” AG (67,49%), KfW (15,84%) and EBRD (16,67%).
According to preliminary data of ARKA News Agency, by this March 31 the bank’s assets had reached 12,2bln AMD, with liabilities being 6,6bln AMD, total capital 5,64bln AMD and net profit for January-March 2009 reaching 148,2mln AMD.
The bank’s headquarters is located in Yerevan. The bank has four branches in Yerevan and one in Vanadzor. –0—
In the summer time the interest rate for credits over $10,000 will be decreased by 4% and that for credits under 45mln AMD will be decreased by 2%.
The bank hopes the special offer will contribute to stabilization of activities of a number of enterprises providing them with resources for overcoming the difficult situation as well as for their further development.
“ProCredit Bank” CJSC officially started its activities in Armenia since February 5, 2008.
The bank is mainly aimed at crediting small and medium businesses in Armenia through offering such services as opening and serving accounts, different types of deposits, and means for savings.
The shareholders of ProCredit Bank are “ProCredit Holding” AG (67,49%), KfW (15,84%) and EBRD (16,67%).
According to preliminary data of ARKA News Agency, by this March 31 the bank’s assets had reached 12,2bln AMD, with liabilities being 6,6bln AMD, total capital 5,64bln AMD and net profit for January-March 2009 reaching 148,2mln AMD.
The bank’s headquarters is located in Yerevan. The bank has four branches in Yerevan and one in Vanadzor. –0—
