News
News
The Bank signed a Memorandum of Cooperation with the Fund
On 29 June 2010 at an official ceremony, ProCredit Bank (Bulgaria) AD and State Fund "Agriculture" signed a Memorandum for the provision of lending to the agricultural producers.
The Memorandum aims at certifying the cooperation between the Fund and the Bank with respect to the issuance of Certificates for the requested decares under the Direct Payments Campaign for 2010. With the so obtained certificates the agricultural producers who have applied for subsidies per area will be able to apply for funding in ProCredit Bank under easy terms.
Due to the signed agreement, ProCredit Bank will be able for a successive year to grant circulating loans secured by subsidies of the State Fund "Agriculture" and the EU.
ProCredit Bank is one of the leading institutions in agricultural lending as it continuously tries to offer its clients agricultural productive products and services in conformity with the specific requirements of the agricultural business.
ProCredit Bank (Bulgaria) is part of an international group of 21 target group-oriented financial institutions. It focuses on developing countries and transition economies in three regions: Eastern Europe, Latin America and Africa. ProCredit Bank (Bulgaria) is established in October 2001 and offers bank products and services to small and medium-sized enterprises, large companies and individuals. Unlike other banks, our bank does not promote consumer loans. Instead we focus on responsible banking, by building a savings culture and long-term partnerships with our customers.
