17 Iunie 2009
ProCredit Bank chops interests for corporate loans
ProCredit Bank, a small-sized bank in the Romanian banking system has cut interest rates by 2.5 bp for all loans designed to small businesses, freelancers, SMEs and farmers, as of June 1.
The interest cut is between 1 and 2.5 basis points, in case of small and medium sized businesses, while for loans designed to investments in agriculture, the bank reduced the interest rates by 1.5 – 2.5bp.
ProCredit Bank’s loan book stands at 203 million euros, for a client portfolio of 35,000.
In its lending operations, ProCredit Bank is focusing on small and medium sized enterprises and not on consumer credits.
In Romania, ProCredit Bank was established in 2002 and resulted from a partnership between European Bank for Reconstruction and Development, International Finance Corporation (member of World Bank), Commerzbank, KfW, ProCredit Holding (German investment bank) and IPC.
ProCredit Bank’s loan book stands at 203 million euros, for a client portfolio of 35,000.
In its lending operations, ProCredit Bank is focusing on small and medium sized enterprises and not on consumer credits.
In Romania, ProCredit Bank was established in 2002 and resulted from a partnership between European Bank for Reconstruction and Development, International Finance Corporation (member of World Bank), Commerzbank, KfW, ProCredit Holding (German investment bank) and IPC.