Sat, 27 September
23.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Armenia-based Procredit Bank adds AMD 2.5 billion to its authorized capital

YEREVAN, October 1. /ARKA/. Armenia-based ProCredit Bank has built up its authorized capital by AMD 2.5 billion.

According to the information posted at the bank’s website, ProCredit Holding, the bank’s biggest shareholder whose share is 79.51% now, took part in the capital replenishment.

Shares of the European Bank for Reconstruction and Development and German’s KfW are 10.83% and 9.66% respectively.

Putting on record the ProCredit Bank’s fast growth in SME lending, its shareholders will continue contributing to the bank’s sustainable development, the reports says.

ProCredit Bank Executive Director Asmus Rotne was quoted at the website as saying that the bank’s latest achievement showed its clients’ appreciation of the bank-provided just, transparent and professional services. He said replenishment of the capital will enable the bank to serve a greater number of business clients.

The ProCredit Bank CJSC got its license from the Central Bank of Armenia on December 7, 2007. —0—-

spot_img

POPULAR

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img