Procredit Bank S.a., Bucureşti

The ProCredit group comprises 22 target group-oriented financial institutions. It focuses on developing countries and transition economies in three regions: Eastern Europe, Latin America and Africa. As of the end of December 2008, the groups member-institutions operated a total of 814 branches staffed by 21, 400 employees. The number of loans outstanding stood at 1, 050, 000 (amounting to EUR 3.4 billion). The average loan amount outstanding was around EUR 3, 200, and the loan portfolio quality was excellent, with a ratio of loans in arrears (>30 days) to total loan portfolio of only 1.7%. Since the end of 2007 until the end of December 2008, the group?s deposit base increased from EUR 2.5 billion to EUR 2.8 billion.

But what do these facts and figures mean and what is ProCredit trying to achieve? ProCredit is building a global group of neighborhood banks. But what is a neighborhood bank? Wherever we are, we aim to be the accessible, trusted, socially responsible bank for local small businesses and ordinary people who live and work in the area. In our lending business, we focus on very small, small and medium-sized enterprises. At the same time ProCredit provides retail banking services to ordinary people, with a focus on low-income families. In this way we aim to be the long-term banking partner for target groups which most conventional commercial banks neglect. By providing socially responsible products, we aim to contribute to the economic development of the countries in which we work.