Lender ProCredit Bank posted a EUR 3.5 million profit during the third quarter of this year, reads a statement from the bank. ProCredit Bank managed to attract EUR 172 million in deposits by the end of September, a growth of 34 percent on the same period of 2010.

“After a difficult period, we are starting to see promising results again, mainly due to the coherent approach of small and medium enterprise clients we aim at. This year was a good year for us, we not only managed to keep the quality of our loans portfolio, but we also increased on our target segment,” said Andreea Enache, head of the corporate division with ProCredit Bank.

The ProCredit group is led by ProCredit Holding AG & Co. KGaA, a holding company based in Frankfurt am Main, Germany. ProCredit Holding is the majority shareholder in the group of 21 banks.

editor@romania-insider.com

(photo source: ProCredit Bank)