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, bank’s statement reads.
 
As at the end of 2012 the bank’s loan outstanding portfolio is more than $82 mln and total deposits volume is about $38 mln, bank informs.

Starting from 2009 the bank managed to finance about 1800 agricultural economies and organized number of financial education activities for its agro clients.

The Bank 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 people.
 
“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”, bank’s CEO Asmus Rotne said.