The FINANCIAL – ProCredit Bank Georgia opened new outlet at Tbilisi International Airport. Bank said its branch network comprises 54 offices throughout the country.
Until the end of the year, the number of branches in Georgia is expected to increase to 59, bank reported on November 17.
In November and December, new branches will open their doors in Dadiani Street, Tbilisi, also in Ortachala and Nadzaladevi districts in Tbilisi. The bank focuses its attention not only on the cities where it has its branches already operating, but plans to expand the branch network to new regional towns as well. For this purpose, ProCredit Bank will open a branch in Borjomi in December. And premises are already purchased and renovations are underway in Akhaltsikhe.
ProCredit Bank also plans to expand its ATM network throughout the country from current 87 to at least 100 till the end of the year.
“Tbilisi international Airport is one of the main traffic arteries for Georgia with an estimated annual turnover of up to one million passengers. Therefore, we think it is important to provide arriving and leaving passengers with an advantage of using our banking services just before they board on the plane or land in Tbilisi. This outlet in Tbilisi International airport with 24-7 working schedule will also serve the airport staff and companies operating in the airport providing them with our easy-to-understand and transparent banking products,” Philipp Pott, General Manager of ProCredit Bank said.
TBC bank, Bank of Georgia, Tao Privat Bank and Bank Republic were presented at Tbilisi Airport for the present period.
ProCredit Bank is one of the leading banks in Georgia, focused on lending to very small, small and medium sized enterprises and offering a full scale of banking services to private individuals and legal entities. The bank was established in 1999 and as of today comprises 54 branches throughout the country. All branches are equipped with ATMs and serve customers six days a week.
The bank is a member of the international ProCredit group, successfully operating in 11 countries in Eastern Europe, 7 countries in Latin America and 4 countries in Africa.
ProCredit Bank has a B+ rating from the international agency Fitch Ratings, which is the best and highest possible rating in Georgia.
As of the third quarter of 2008 ProCredit Bank’s assets totalled USD 432 million. Currently more then 220,000 clients enjoy the services of ProCredit Bank.