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ProCredit Bank Continues Updating of the Branches

Published: September 20, 2012 | 11:06 pm
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ProCredit Bank continues updating of the branches and opens Melikishvili Service Point this time.

Service point with modern design and the latest standards equipment began working in normal rhythm from September 17. GEL 250 000 was spent for 172m2 space renovation.

The bank will update three more branches till the end of the year. A new Service Center will be opened in Avlabari and reconstruction of two new branches will be begun, which clearly indicates the long-term perspectives of the Bank.

A new design was created with conception – “One-stop-shop Banking Services” in 2011, which has made servicing towards the clients more operational and faster.

Nino Jeladze: The Manager of ProCredit Bank Melikishvili Service Point

“Our service point started functioning in 2005 and serves approximately 9000 clients. Refurbished interior is an additional motivation for our employees, and more comfort and faster servicing for our clients. I hope, both, existing and future clients will be pleased by our service.”

About ProCredit Bank

ProCredit Bank is one of the leading banks in Georgia, focused on lending to very small, small and medium-sized enterprises and offering a full scale of banking services to private individuals and legal entities. The bank was established in 1999 and as of today comprises 58 branches throughout the country.

The bank is a member of the international ProCredit group, successfully operating in 11 countries in Eastern Europe, 7 countries in Latin America and 4 countries in Africa

ProCredit group is led by ProCredit Holding AG & Co. KGaA, Frankfurt am Main, Germany..

ProCredit Bank has a “BB” rating from the international agency Fitch Ratings, which is the best and highest possible rating in Georgia. As of August 2012, ProCredit Bank’s total assets amounted to USD 637 million (31.12.2011: USD 582 million). The loan portfolio stood at USD 446 million (31.12.2011: USD 409 million) and customer funds amounted to USD 332 million (31.12.2011: USD 307 million). For August, ProCredit Bank Georgia has earned an after-tax profit of USD 8.7 million (31.08.2011: USD 7.8 million). Currently more than 358,000 clients enjoy the services of ProCredit Bank Georgia.


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