YEREVAN, JULY 16, NOYAN TAPAN. ProCredit Bank, which opened a branch in the town of Vanadzor, Lori region, the day before, opened one more branch on July 16 in Yerevan, in Mashtots, 16. As it was mentioned at the opening ceremony of Yerevan branch, ProCredit Bank is the first among international banks functioning in Armenia, which has also opened a branch in a region. Andrea Wiktorin, the Ambassador of Germany to Armenia, took part in the opening ceremony. According to her, this German bank has completely implemented its programs in Armenia. According to Ashot Abrahamian, bank's Deputy Executive Director, the bank provides various and affordable banking services to organizations, enterprises, house farms, and physical persons. It was mentioned that the bank attaches importance to responsible banking activity by developing culture of economy and establishing long-term cooperation with its customers. One of the main directions of ProCredit Bank is small and medium-sized business crediting, as small and medium-sized enterprises provide new jobs and have a positive impact on the development of the respective spheres. "That is why the bank leadership attaches importace to opening of branches in the regions. With the network of regional branches we have a goal to ensure confidence and to contribute to development of small and medium-sized business," A. Abrahamian said. It was mentioned that the process of branches' opening will be permanent.

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