Procredit International Bank’s New Branch Opens In Yerevan



JU LY 16

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

"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.