PROCREDIT BANK TO GRANT UP TO BGN 250 000 LOANS

Business | October 18, 2001, Thursday // 00:00

ProCredit Bank will provide loans up to BGN 250,000, Standart Daily wrote. Representatives of the ProCredit Bank shareholders announced the bank`s development strategy. The financial institution will provide 3 types of credits - `Dynamo`, `Business` and `Development`. `Dynamo` credits will be paid-off in 1 year, with 1.65 % monthly interest. The `Business` and `Development` loans will be up to BGN 250,000, with acquittal term from 3 and 5 years, respectively. All credits will be given to entrepreneurs and companies engaged in trade, services and manufacture. The European Bank for Reconstruction and Development, German Investment and Development Agency, International Finance Corporation, Kommerzbank and German Micro-Investment Fund are the ProCredit Bank shareholders.
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