At 20 years of activity, ProCredit Bank launches ProGreen Anniversary, the green account dedicated to individuals who want to contribute to a sustainable environment
Bucharest, October 18, 2022: ProCredit Bank launches the first green current account package for individuals. Strategically named ProGreen Anniversary, in the context of 2 decades of banking activity in Romania, the new product offers customers the certainty that their financial activity will not support projects that have a negative impact on the environment.
ProGreen Anniversary is designed for individuals who want to contribute to the development of a sustainable economy and who understand that the money in their accounts indirectly contributes to the financing activity that commercial banks carry out.
By cashing in ProGreen accounts, customers exclusively support the bank's green loan portfolio, which at the end of Q2 2022 exceeded 22% of total outstanding loans. The portfolio covers relevant projects such as investments in renewable energy, energy-efficient machinery and equipment, sustainable housing, sustainable production and agriculture or investments in recycling industries.
All of these are assessed against clear criteria by ProCredit Bank teams, who apply detailed analysis methodologies designed to estimate both the environmental and social consequences of each project over a longer period of time, prior to applying for loans.
"Fifteen years ago, ProCredit Bank was one of the first commercial banks in Romania to choose the path of sustainability. Since then, our commitment to ethical, green banking policies has grown stronger and stronger, and today, green banking is part of ProCredit's DNA. Rounding out our banking offer with a green current account for individuals is a natural and necessary step that reinforces our position as a bank focused on the sustainable development of society. With the new anniversary package, we are making a firm commitment to both our customers and the environment. Each ProGreen account will contribute to the development of the green loan portfolio, with the funds circulated through them being allocated only to sustainable projects. Our main goal for ProGreen is to get to the point where we can support green lending exclusively from the volume of funds generated from these accounts. With the launch of the ProGreen package, the bank closes the circle of sustainability and appeals to both its clients and the general public to join the activities to support the environment by using truly sustainable financial services," said Ștefan Manole, CEO of ProCredit Bank.
ProGreen Anniversary, 0 costs for an environmentally friendly account
In addition to the sustainability component, ProGreen Anniversary offers all the benefits associated with a current account package and includes the following banking services:
- Current account in LEI
- Savings account in LEI
- Visa debit card
- Internet Banking and Mobile Banking
- Free national payments
- Free cash withdrawals from any ATM in Romania
- Free cash deposits at ProCredit Bank terminals
- Google Pay and Apple Pay services
In addition, because ProGreen is a sustainable banking product, the card included in the package is also environmentally friendly, being made from 85.5% recycled plastic. At the same time, the chosen design aims to reinforce the responsible message that ProCredit Bank promotes, while raising environmental awareness.
All ProGreen Anniversary accounts opened until 31.12.2022 benefit from a 0 administration fees for the entire period of the account's activity.
ProCredit Bank Romania:
ProCredit Bank Romania is part of the growth-oriented ProCredit group of commercial banks for small and medium-sized enterprises (SMEs). ProCredit Holding AG, based in Frankfurt am Main, Germany, is the parent company of the ProCredit Group. In addition to its operational focus on South Eastern and Eastern Europe, the ProCredit Group is also active in South America and Germany. The company's shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The main shareholders of ProCredit Holding AG include the strategic investors Zeitinger Invest and ProCredit Staff Invest (the investment vehicle for ProCredit staff), the Dutch company DOEN Participaties BV, the KfW Development Bank and the IFC (part of the World Bank Group).
As the parent company of the group under German banking law, ProCredit Holding AG is supervised on a consolidated basis by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank.