5 years ago ProCredit Bank launched its activity in Armenia as part of the German based ProCredit group, which successfully operates in 21 countries across the world. For its 5 years presence in Armenia the Bank has opened 15 branches: in Yerevan and in 4 regional cities and attracted more than 17,000 clients.
Since its opening the Bank has been following its mission to service small and medium-sized enterprises as well as to promote a culture of savings which can help to bring greater stability and security to families. As at the end of 2012 the Bank’s loan outstanding portfolio is more than USD 82 million and total deposits volume is about USD 38 million.
Starting from 2009 ProCredit Bank also concentrated on agricultural sector development, which plays an important economic and social role for the country. During these years the Bank managed to finance about 1800 agricultural economies and organized number of financial education activities for its agro clients. The Bank also significantly could contribute to the improvement of conditions in agro sector financing by creating a healthy competitive environment in the market.
The Bank is widely recognized as one of the most attractive employers. It pays particular attention to the trainings and development of its staff by making significant investments for this purpose. Workshops, seminars, trainings and experience exchange programmes are being regularly held in Germany, Macedonia, as well as in other countries where ProCredit Banks operate. Currently, the Bank employs more than 350 highly motivated and talented people which are one of the most important assets of the Bank.
On this anniversary Asmus Rotne, the Bank’s Executive Director said: “We hope that we could build long-term partnerships with our clients based on mutual trust. It is proved by the fact that we have a leading position in small business sector financing. I would like to thank all our clients, partners and friends for banking and cooperating with us. In the future we will continue our path of dynamic growth and contribute to the improvement of the economic climate in Armenia”.
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