Fitch verifies rating of ProCredit Bank BiH

Sarajevo, 01.04.2010

The international rating agency "Fitch Ratings Ltd" has verified all of the ratings of ProCredit Bank with stable forecasts for future operations, thus keeping them at the highest level in Bosnia and Herzegovina. This is a positive sign showing that the Bank has adequately responded to the challenges of the country’s economic environment, and that it will proceed with providing of support to small and medium enterprises with an aim of making further progress.

The ownership structure and support of the ProCredit Bank shareholders, primarily ProCredit Holding AG, Frankfurt, have also contributed to the Bank’s keeping its business support rating. Verification of rating by "Fitch Ratings Ltd" will facilitate an easier access of ProCredit Bank to external funding resources that are relevant for further ProCredit Bank’s operations.

 

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