ProCredit Bank – Positive Experience of a German Investor in Macedonia December 11, 2014

Mizo_Freyrtag_KuzmanovskiProCredit Bank, being the only German bank in Macedonia, was present on the occasion of the business visit of the Macedonian Government to Frankfurt, Germany. The purpose of the attendance of ProCredit Bank was sharing the positive experiences with the investments of the German shareholder ProCredit Holding in Macedonia. ProCredit Holding Germany is present in Macedonia with three investments: ProCredit Bank, ProCredit Regional Academy in Veles and Quipu IT – regional IT consulting company for the needs of ProCredit Group.

ProCredit, by its presence in Macedonia, the region and in Germany, can significantly facilitate the financial operation of the companies having their representative offices on the Balkans and in Eastern Europe. The Governmental representatives and the potential German investors met with M-r Christophe Freytag, Managing Director of ProCredit Bank in Germany and M-r Stevce Kuzmanovski, Head of Small and Medium Enterprises Department in ProCredit Bank Macedonia.

‘’We are satisfied with the operation of our Bank in Macedonia for the past 11 years. ProCredit Bank is an example of how a foreign direct investment can have a positive impact on the real sector development. The Bank’s present credit portfolio in Macedonia reaches EUR 211 million and it is of the highest quality on the banking sector level in Macedonia. It is a significant credit support for sound development of the small and medium businesses, contribution to the economic vibrancy and creation of new jobs’’, announced M-r Christophe Freytag, Managing Director of ProCredit Bank in Germany.

ProCredit Bank representatives announced that negotiations are underway for enabling crediting of the Macedonian businesses directly from the Bank in Germany under more competitive conditions.

“When working with us, both foreign and domestic businesses in Macedonia have access to high-quality services and modern technology,Kuzmanovski ProCredit Macedonia same as those in the Bank in Germany. At present, negotiations are underway for the businesses from Macedonia to be financed directly from our Bank in Germany. That would mean reduction of the loan interest rates for the sound and perspective companies wishing to invest in business development projects. That is a great advantage for us as a bank and we are doing our best to provide this benefit to the clients”, announced M-r Stevce Kuzmanovski, Head of Small and Medium Enterprises Department in ProCredit Bank Macedonia.

ProCredit Bank is a German capital-owned bank, a part of the ProCredit Banks Group specialized in operating with small and medium enterprises. It has been operating as a foreign direct investment in Macedonia since 2003.

Category: Member News