ProCredit Bank ended Q3 of 2011 with a profit of EUR 3,5 million
Bucharest, December 5th, 2011
ProCredit Bank Romania ended the third quarter of 2011 with a profit of Euro 3.5 million, according to local accounting standards. Between September 2010 and September 2011, the bank financed small businesses with over Euro 31 million currently reaching to a total of more than 80,000 customers. In terms of agriculture loans, ProCredit Bank has financed this sector by Euro 53.5 million in the first 9 months of the year, up by Eur 13.5 million compared to September 2010.
"After a difficult period that we have crossed, we begin to see again promising results, mainly due to our focused approach to small and medium-sized clients, whom we are serving. 2011 was a good year for us, where we managed not only to maintain the quality of our loan portfolio, but also to increase our presence for this target segment." (Andreea Enache, Business Clients Division Director)
In terms of funds raised from the population, ProCredit Bank reached a volume of Euro 172 million in September 2011 , an increase of over 34% compared to the same period last year. "Promoting a savings culture among our clients is rooted in our mission for development, not only towards businesses, but also individual customers. The increase in this segment demonstrates that, as a German-owned bank, we enjoy the confidence of our clients and at the same time that we have managed to convey to people the importance of building solid savings, which they can base their future investments on. We enjoy a stable liquidity and last years of crisis were not an exception, which allows us to continue our activity in a normal way and serve business customers without restriction of maturity or type of product offered." (Ilinca Rosetti, General Manager of ProCredit Bank)
The lending technology developed by ProCredit Bank at the group level provides a good knowledge of customers and help offering personalized financial solutions, in order to answer the real needs of business financing. In over 10 years of experience in the banking market in Romania, ProCredit Bank has managed to build lasting partnerships with its customers. In order to ensure that the 80,000 clients the bank has are served properly, the bank provides trained personnel, specialized in their working areas and ready to answer any questions from the client.
"We remained loyal to our business model and we did not compromise on quality in the difficult moments. We focus, perhaps more than ever, on the quality and training of our staff, ensuring that the people that interact with our clients can make an accurate and relevant business analysis, can provide advice and, last but not least, can offer products that bring value and long-term benefits." (Andreea Enache, Business Clients Division Director)
In July 2011, ProCredit Bank has received confirmation of the rating for long term loans in Lei and foreign currency (BB+) by Fitch, with stable outlook, stressing the commitment that ProCredit Holding, the main shareholder, has in supporting the bank, and high quality portfolio of the bank, due mainly to financing businesses in production and the diversified structure of loans.
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