Banca Intesa buys part of credit portfolio of ProCredit Bank

ProCredit Bank assigned a part of its credit portfolio to Banca Intesa in late 2017, the Kamatica portal reports.

As the portal says, clients with credits in ProCredit Bank were sent a memo on December 27 informing them that they would be repaying their debts to Banca Intesa from that point on.

Although a part of the credit portfolio has been assigned to another bank, current accounts are not part of the arrangement. All the accounts opened at ProCredit Bank are still active, as are the products tied to those accounts, such as cards and overdrafts.

The memo sent to clients states that Banca Intesa has taken over certain credits, and as Kamatica learns, the terms of the loans will not change.

The decision by which ProCredit Bank assigns credits to Banca Intesa has been reached for the purpose of directing the clients to the bank with a developed network and services which will enable all their needs to be met in the best way possible, the press release says.

At the same time, ProCredit Bank will be orienting towards the development of small and medium enterprises and agricultural producers in Serbia in the future.

ProCredit Bank a.d. Beograd

Banca Intesa a.d. Beograd

ProCredit Bank

Banca Intesa

sale of credit portfolio

sale of credits

bank account overdraft

banking operations with small and medium enterprises

banking operations with agricultural producers