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Pro-Credit Bank Bulgaria Named Fastest Growing in Central Europe

Sofia News Agency, www.novinite.com
Kuzmanov Legal Services in Bulgaria , 25 Jan 2005

Pro-Credit Bank Bulgaria was named the fastest growing Central European bank by The Banker magazine. This is the UK magazine first analysis of the fastest growing banks in the European Bank for Reconstruction and Development's (EBRD) "transition countries". The transition countries are divided into two groupings: central Europe, which comprises the Baltic States, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania, the former Yugoslav republics and Albania; and the CIS, which comprises the republics of the former Soviet Union including those in central Asia. In the total of 377 banks researched in the analysis, 164 were from Central Europe and 213 from the CIS. Experts comment that the analysis of the top 50 fastest growing banks in EBRD transition countries reveals a gap between those countries that are near to completing the process of change - such as the new EU members - and those that have yet to begin.
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