ProCredit Bank Romania Overview and Services

ProCredit Bank Romania is a well-established financial institution in the country, with a strong presence in the market.

The bank was established in 1998 and is part of the ProCredit group, a network of banks operating in Eastern Europe and Latin America.

ProCredit Bank Romania offers a wide range of services to its clients, including corporate banking, retail banking, and microfinance.

The bank's corporate banking services cater to the needs of small and medium-sized enterprises, providing them with tailored financial solutions and expert advice.

ProCredit Bank has its roots in 2002, when it was founded as Banca de Microfinantare MIRO. This marked the beginning of the bank's journey.

The bank went through a rebranding process in December 2004, changing its name to ProCredit Bank. This change likely reflected the bank's growth and expansion.

ProCredit Bank experienced significant growth between 2005 and 2009, setting the stage for its future development.

ProCredit Bank has a rich history that dates back to 2002, when it was founded as Banca de Microfinantare MIRO. This marked the beginning of the bank's journey towards becoming the reputable institution it is today.

The bank underwent a significant transformation in December 2004, when it was renamed ProCredit Bank. This change reflected the bank's growth and evolution over the years.

Between 2005 and 2009, ProCredit Bank experienced remarkable growth, setting the stage for its future success.

ProCredit Bank S.A is a member of the Deposit Guarantee Scheme (DGS), which means your deposits are protected up to €100k per person.

You can take advantage of fixed deposits with ProCredit Bank S.A, with options for 12 months and 24 months.

ProCredit Bank Romania was established in 2002 with the support of EBRD to provide financial services to micro and small enterprises (MSEs) in Romania.

The bank has a long history of lending to MSEs, having disbursed almost 90,000 loans for an amount of over EUR 520 million.

This experience and expertise have helped PCBR become a trusted partner for many Romanian MSEs.

ProCredit Bank Romania was established in 2002 with the support of EBRD to provide financial services to micro and small enterprises in Romania.

The bank has a long history of successful operations, having disbursed almost 90,000 loans to Romanian MSEs for an amount of over EUR 520 million.

ProCredit Bank Romania's proposed project includes a senior syndicated A/B loan up to €60 million, which is a significant investment in the bank's future.

The project cost is a significant aspect of the project details. Total project cost will be up to EUR 60 million.

The EBRD's share of the project cost is a substantial portion of the overall cost. Up to EUR 15 million will be the EBRD's share.

For your interest: Au Small Finance Bank Limited Share Price

Technical Cooperation was a crucial aspect of the project's success, with a total of EUR 3.4 million being provided by various organizations.

The US/EBRD SME Finance Facility, KfW, and the Luxembourg government all contributed to this funding over the 2001 – 2005 period.

This technical assistance helped with the establishment of PCBR and the acceleration of its regional expansion nationwide.

Full graduation from the EBRD's technical contracts took place in January 2006.

No further technical assistance funds are provided after this point, marking a significant milestone in the project's development.

ProCredit Bank (Romania) offers a range of financial services designed to meet the needs of individuals and small and medium-sized enterprises (SMEs).

Their financial services include consumer loans, business loans, and deposits, which can be managed through online banking or at one of their many branches across the country.

With a focus on supporting local economic development, ProCredit Bank provides financial solutions that cater to the specific needs of SMEs, including loans for business expansion and working capital.

Consider reading: Offshore Business Bank Account

ProCredit Bank Romania was established in April 2002. It's part of the international ProCredit Holding group, which is dedicated to developing microfinance banks globally.

The bank operates through a network of branches. As of December 2007, PCBR had 37 branches. Further expansion is planned.

ProCredit Bank S.A participates in the deposit guarantee scheme of Romania, which covers all deposit accounts made by natural persons and legal entities, including up to 100,000 EUR (or equivalent in local currency) per bank per depositor.

This deposit guarantee scheme provides a safety net for account holders, ensuring their deposits are protected in case of bank insolvency.

ProCredit Bank S.A's participation in this scheme demonstrates its commitment to safeguarding customers' funds and maintaining trust in the banking system.

ProCredit Bank S.A offers a variety of financial products, including fixed deposits and savings accounts.

You can choose from 12 different fixed deposit options in EUR and RON, with interest rates ranging from 0.2% to 6.5%.

One of the most interesting options is the 6 months deposit in RON, which offers an interest rate of 6.5% with no interest payments during the term.

Another option is the 12 months deposit in EUR, which offers an interest rate of 2.75% with monthly interest payments, including capitalisation.

If you're looking for a longer-term deposit, ProCredit Bank S.A also offers a 2 years deposit in EUR with an interest rate of 2%.

Here's a summary of the fixed deposit options in EUR and RON: