Yerevan/Mediamax/. In 2011, ProCredit Bank will direct additional USD 10mln to small and medium enterprise (SME) crediting. The means have been attracted within the framework of the credit agreement with European Bank for Reconstruction and Development (EBRD) and BlueOrchard Finance SA Company.

Deputy Executive Director of the bank Ashot Abrahamyan stated that “ProCredit Bank tries to make this cooperation as useful for the customers as possible, allowing them expanding their financial capacities and entering new more attractive markets”.

He also noted that this cooperation will help consolidate ProCredit Bank’s positions in the Armenian market and increase the customer base.