Annual Report 2007

14
A n n u a l R e p o r t 2 0 0 7
Highlights in 2007
• On February 26, Novo Banco SARL changed its
name to Banco ProCredit S.A. The new name
and branding enhanced the bank’s image as
a member of the international ProCredit
group. At the same time, the bank launched
debit cards, marking its transition from a provider
of basic services to a full-service financial
institution.
• In March, Banco ProCredit introduced automated
teller machines (ATMs). Each of the
bank’s 12 branches has an ATM, where customers
can make cash withdrawals and check
their account balances free of charge 24 hours
a day.
• In March, Banco ProCredit launched its agricultural
loan product. It was introduced at
the Chimoio branch and then rolled out to
three other branches in southern Mozambique.
The agriculture sector is of particular
importance for the country’s economy; roughly
78% of the population depends on agriculture
for a living.
• In response to the strong demand for banking
services, Banco ProCredit opened three