On 15th of May ProCredit Bank celebrated its Davitashen branch opening ceremony. On this occasion the Bank made a special present to the people living in branch neighborhood: the Bank renovated the playground next to the branch, which is an entertainment area for many children. The Branch staff decoratively painted the walls surrounding the playground, painted all the barriers, as well as cleaned the whole area from the litter. During this initiative many people from the community joined our staff which is helping the Bank to bring into life its Neighborhood Banking Concept. The Bank’s executive director Asmus Rotne mentioned, “Now we are happy that our Bank is presented in one more community which gave us an opportunity to provide easy, accessible and transparent banking services to more people. This is a chance for them to be served in an international Bank which promotes savings culture via introducing a number of solutions to begin saving with us.” Davitashen is the 12th branch in number. ProCredit Bank will continue its branch network expansion trying to be more reachable to its clients in as many communities as possible. ProCredit Bank in Armenia is a full-fledged Bank with 100% foreign capital, focused on the development of small and medium sized enterprises as well as on promotion of savings culture among the population. ProCredit Bank in Armenia is part of the ProCredit Group, consisting of 21 financial institutions operating in Eastern Europe, Africa and Latin America, which are governed by ProCredit Holding located in Frankfurt am Main, Germany. Shareholders of ProCredit Bank in Armenia are international well-known institutions such as: ProCredit Holding AG - 68.46% shares, EBRD - 16.67% shares, KfW - 14.87% shares.

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