ProCredit Bank's Credit Portfolio Valued at 1 Billion Leva, March'08

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ProCredit Bank's Credit Portfolio Valued at 1 Billion Leva, March'08

As at the end of March 2008 ProCredit Bank has 72 branches in the country and the total value of its credit portfolio stands at nearly 1.007 billion leva (514 mln euros). The banks has given loans to 58,000 small businesses and individuals.

Deposits amount to nearly 627 mln leva (320 mln euros). The number of active clients accounts tops 226,000, of which 63,624 savings accounts and time deposits. 52% of those are for amounts smaller than 2,000 leva. The large number of small deposits reflects the bank's “responsible banking” initiative.

400 new employees will join the ProCredit Bank family by the end of the year. They will occupy positions such as loan officer, loan administration expert, banking operation expert etc. The lender does not require professional experience for those positions. ProCredit Bank currently has 1,600 employees. Their average age is 29 years.

15 new branches will open doors this year and their total number will reach 87 by the end of the year. At the end of 2007 the bank introduced new business hours in all branches: weekdays 8:30 – 19:30h, Saturday 10:00 – 16:00h.

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