Pristine, 02 April 2007- This year, as well as before, ProCredit Bank, is mostly focused in agriculture section, determined to help financially all of the people that are interested in agriculture, agribusiness and rural business, aiming to accomplish their goals.
Therefore, having accomplished our clients’ needs and wants ProCredit Bank extended repayment terms of agriculture loans from 36 to 48 months, where we made it possible for the sum retrieved up to 10,000 Euros with no guarantor.
The minimum allowance of the agriculture loans is Euro 250; meanwhile the payment mode of the agriculture loans is based on the sale of their products.
“Such an offer is the first offer in the market, and shows that our bank is willing for stimulation and development of the agriculture, as a good opportunity for investments in Kosovo. Once more this proves our mission, being development oriented bank” said Florin Lila, Deputy Cheaf Officer.
ProCredit Bank, the most successful bank in Kosovo, started with loans for agriculture since 2003, and shows that agro products have a big impact on Kosovo’s economy.
Up to now ProCredit Bank gave 21,475 loans supporting agriculture section with the sum of Euro 45 million.
However, based on the fact that 53% of Kosovo territory is arable land, agriculture contributes to 30% of the GDP of Kosovo. Moreover agriculture supports 60% of the population, which shows a realistic picture of the impact that agro products have on Kosovo’s economy and ProCredit Bank’s dedication to fostering this sector of the economy.
Let us mention again that ProCredit Bank during 2006 disbursed over 240 million Euro loans to around 40,000 clients having increased loans portfolio in 2006 for 39% to 237.7 million Euros delivered in 52,016 loans! Therefore if we compare these data with those of the previous year, we clearly can see that there is a vigorously growth of the loan portfolio. Also it is important to mention that ProCredit Bank compared with the last year has increased its participation in the market for around 3%, having increased the digit from 33.6% of its participation in the loan market of Kosovo.
Further information:
ProCredit Bank is a development-oriented bank. We offer excellent customer services and a wide range of banking products. In our credit operations, we focus on lending to micro, small and medium-sized enterprises, as we are convinced that these businesses create the largest number of jobs and make a vital contribution to the economies in which they operate. Unlike other banks, our bank does not promote consumer loans. Instead, we focus on responsible banking and building a savings culture amongst our customers. Our shareholders expect a sustainable return on investment, but are not primarily interested in short-term profit maximization. We invest extensively on the training of our staff in order to create an enjoyable and efficient working atmosphere, and provide the friendliest and most competent service possible for our customers.
