ProCredit Bank’s share capital has been increased by AMD 2.5 billion. The newly issued shares were purchased by ProCredit Holding, the bank’s majority shareholder. ProCredit Holding now holds 79.51% of the total share capital, while EBRD and KfW own 10.83% and 9.66%, respectively. Carried out in response to the strong growth in lending to small and medium-sized enterprises, this capital increase serves as a clear sign that the shareholders remain committed to supporting the continued growth of the bank.
ProCredit Bank’s Executive Director, Mr Asmus Rotne, said on this occasion: “Our recent success shows how much our clients appreciate the fair, transparent and professional service we offer. Thanks to the capital increase, we can serve even more business clients at our bank.”