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Procredit Bank

EBRD provides €15 mln loan to ProCredit Bank Macedonia

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The FINANCIAL — A loan of up to €15 million by the European Bank for Reconstruction and Development (EBRD) to ProCredit Bank Macedonia (PCBM) will help local micro, small and medium-sized enterprises (MSMEs) in North Macedonia to cope with the economic fallout of the coronavirus pandemic. The EBRD funds will address the liquidity needs of small businesses that are experiencing a decrease in their activities and turnover due to the spread of the virus. A long-standing partner of the EBRD, PCBM was founded in 2003 and today is the sixth largest bank in North Macedonia with a market share of 5.5 per cent by total assets.…

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EBRD provides €15 mln loan to ProCredit Bank Macedonia

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1 min read

The FINANCIAL — A loan of up to €15 million by the European Bank for Reconstruction and Development (EBRD) to ProCredit Bank Macedonia (PCBM) will help local micro, small and medium-sized enterprises (MSMEs) in North Macedonia to cope with the economic fallout of the coronavirus pandemic. The EBRD funds will address the liquidity needs of small businesses that are experiencing a…

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Leaked FinCEN files show that Georgian banks are involved in suspicious transactions

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The FINANCIAL — On September 20 International Consortium of Investigative Journalist (ICIJ) posted data. According to ICIJ 193 transactions to or from Georgian banks were flagged as potentially suspicious. The data are based on the recently leaked FinCEN Files, which are suspicious activity reports filed by banks and other financial firms with the U.S. Department…

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Fitch Upgrades Procredit Bank Georgia to ‘BB+’; Outlook Stable

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The FINANCIAL -- Fitch Ratings-Moscow/London-28 February 2019: Fitch Ratings has upgraded ProCredit Bank Georgia's (PCBG) Long-Term Issuer Default Ratings (IDRs) to 'BB+' from 'BB'. The Outlook is Stable. The Viability Rating (VR) is unaffected. A full list of rating actions is at the end of this rating action commentary.…

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