Yerevan /Mediamax/. First regional branch of “ProCredit Bank” in Armenia opened in Vanadzor today##.

Mediamax reports that, speaking at the opening ceremony, Executive Director of the Bank Bertolt Hertzfeldt noted that the branch will contribute to the development of both the town and Lori marz in general.

Armenian Prime Minister Tigran Sarkisian, who was present at the opening ceremony, stated that the expansion of the branch networks of banks in the whole territory of the republic contributes to even territorial development of the republic.

Stressing the importance of opening the bank’s branch particularly in Vanadzor, Tigran Sarkisian said: “ProCredit Bank is known as an actively and progressively developing bank, and its appearance in the banking sector of Armenia will contribute to distribution of retail banking services, high-quality banking products and new culture in the country”.

Ambassador of Germany in Armenia Andrea Victorin, who was also present at the opening ceremony, noted that the presence of “ProCredit Bank” in Vanadzor will assist the active development of small and medium business in the region.