ProCredit Holding AG & Co. KGaA (ProCredit Holding) is now a member of the Social Stock Exchange – Europe’s only public market for impact investing. The membership was granted upon ratification of the impact report written by the company and approved for this purpose by the independent Admissions Panel of the Social Stock Exchange.
ProCredit Holding’s impact report describes the social impact of the group in both a qualitative and a quantitative way. It highlights the three areas the group has identified as having the greatest social impact: providing financial services for SME clients, enhancing environmental awareness and protection, and developing human resources.
Borislav Kostadinov, Member of the Management Board of ProCredit General Partner AG (personally liable managing partner of ProCredit Holding AG & Co. KGaA), stated: “We are very pleased and honoured to have been accepted as a member of the Social Stock Exchange and thereby obtain the opportunity to present ourselves to investors who focus on impact investing. Social responsibility is one of the core values of our group, which is why we invest great effort in making a positive impact on the societies in which we operate. With our sustainable and development-oriented business approach, we are very confident that membership in the Social Stock Exchange is an excellent way to raise our visibility to investors who might be just the right fit for us.”
The impact report can be found on the website of the Social Stock Exchange (http://socialstockexchange.com/wp-content/uploads/2017/05/ProCredit_Holding_SSX_Impact_Report_2016.pdf) and on ProCredit Holding’s website (https://www.procredit-holding.com/en/vacancies-and-service/downloads.html).
Tomás Carruthers, Chief Executive of the Social Stock Exchange, commented: “We know that having access to a suite of competitive financial services is critical in helping small businesses flourish and in turn make a social impact of their own, especially in developing economies. This objective sits at the heart of ProCredit’s mission and with this in mind I am delighted to welcome them to the growing membership of the Social Stock Exchange.”
About the ProCredit Holding
ProCredit Holding AG & Co. KGaA, based in Frankfurt am Main, Germany, is the parent company of the development-oriented ProCredit group, which consists of commercial banks for small and medium enterprises (SMEs) and whose operational focus is on South Eastern and Eastern Europe. In addition to this regional presence, the ProCredit group is also active in South America and Germany. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange. The anchor shareholders of ProCredit Holding AG & Co. KGaA include the strategic investors Zeitinger Invest and ProCredit Staff Invest (comprising the investment vehicles for ProCredit staff), the Dutch DOEN Participaties BV, KfW and the IFC (part of the World Bank Group). As the group’s superordinated company according to the German Banking Act, ProCredit Holding AG & Co. KGaA is supervised on a consolidated level by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and the German Bundesbank. More information can be found on the company’s website at www.procredit-holding.com.
About the Social Stock Exchange
The Social Stock Exchange provides access to the world’s first regulated exchange
dedicated to businesses and investors seeking to achieve a positive social and
environmental impact through their activities. The aim of the exchange is to help
these businesses connect with investors and unlock capital at scale. All issuer member
companies must meet a rigorous set of criteria before joining, including the publication of anImpact Report.
The Social Stock Exchange has an agreement with NEX Exchange (formerly ISDX) to
operate the Social Stock Exchange branded market segment for impact businesses.
The Social Stock Exchange Ltd (FRN: 625231) is an appointed representative of Kession
Capital Limited (FRN: 582160) which is authorised and regulated by the Financial Conduct
Authority (“FCA”) in the UK.
NEX is a Recognised Investment Exchange operating a regulated market and a growth
market and provides a secondary market trading facility. NEX is supervised by the FCA.
Further information: www.socialstockexchange.com
For more information please contact:
ProCredit Holding AG & Co. KGaA
T: +49 69 951 437 138
T: +44 7973 284 749
Social Stock Exchange
T: +44 (0) 203 608 8056