Nor Nork ProCredit Bank subsidiary registered

July 20, 2009 - 15:09 AMT
PanARMENIAN.Net - Nor Nork ProCredit Bank subsidiary was registered in accordance with CBA Chairman Arthur Javadyan's resolution of July 18, 2009, CBA Press Service reported.



On December 7, 2007, ProCredit Bank was licensed by the Central Bank of the Republic of Armenia (License N 85) and opened for clients on February 5, 2008.



ProCredit bank is a development-oriented full service bank focusing on lending to very small, small, and medium-sized enterprises.



The Shareholders of ProCredit Bank in Armenia are ProCredit Holding with 67.49% of shares, EBRD with 16.67% of shares and KfW with 15.84% of shares.



ProCredit Bank Armenia is a member of ProCredit Group. ProCredit Group consists of 22 banks operating in Eastern Europe, Africa and Latin America, which are led and supervised by ProCredit Holding AG, based in Frankfurt am Main, Germany.
 Top stories
Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia to loan AMD 2.9 billion to KarabakhArmenia to loan AMD 2.9 billion to Karabakh
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
Azerbaijan opposes Armenia’s plans to build new metallurgical plantAzerbaijan opposes Armenia’s plans to build new metallurgical plant
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Armenia attracts record amount of foreign direct investments, says MinisterArmenia attracts record amount of foreign direct investments, says Minister
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
 Articles
4 rules for business success

An ultimate guide

 Most popular in the section
IDBank to participate in Career City Fest 2023
Production of natural vegetable oils was established in Spitak
Shell already in Armenia: First fuel stations put into operation
Moody's upgrades IDBank's long-term deposit ratings to B1, changes outlook to stable from positive
Home
All news
Overview: Economy
Archive for July 20, 2009
Other news in this section
  Related sections
World
 Latest news
Viva sees growing demand for cloud services In recent years, medical institutions are starting to make use of Viva’s cloud services
Turkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.
Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.
Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.
---