ProCredit Bank to obtain the first USD 10 million tranche from EBRD under the new loan agreement

On 22 September 2008 ProCredit Bank plans to obtain the first USD 10 million tranche from the European Bank for Reconstruction and Development under the new loan agreement signed on 22 August 2008 for the total amount of USD 20 million and the effective period until August 2011.

The obtained funds will be committed to lending to SME and sole proprietors. ProCredit Bank has been focusing on the development of this market segment since its inception seven years ago.